Insight Enterprises (NASDAQ:NSIT) Stock Dropped to Hold by Zacks Research

Zacks Research downgraded shares of Insight Enterprises (NASDAQ:NSIT) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks reports.

NSIT has been the topic of several other research reports. Raymond James Financial restated an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a research report on Thursday, August 6th. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a research report on Monday, August 10th. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.50.

Insight Enterprises Stock Up 0.4%

Shares of NASDAQ NSIT opened at $160.13 on Tuesday. Insight Enterprises has a 12 month low of $63.62 and a 12 month high of $168.50. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.16 and a beta of 1.06. The business has a 50-day moving average of $153.40 and a 200-day moving average of $115.93.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. Insight Enterprises’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Sell-side analysts expect that Insight Enterprises will post 11.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

A number of large investors have recently added to or reduced their stakes in the business. Studio Investment Management LLC increased its position in Insight Enterprises by 2.9% during the 2nd quarter. Studio Investment Management LLC now owns 3,657 shares of the software maker’s stock valued at $445,000 after purchasing an additional 102 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Insight Enterprises in the 2nd quarter worth approximately $32,000. Polaris Financial Partners bought a new position in shares of Insight Enterprises during the third quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after purchasing an additional 368 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Insight Enterprises by 301.4% during the second quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock valued at $69,000 after buying an additional 425 shares during the period.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations plan, procure, implement and manage information technology. The company offers hardware, software, cloud solutions and related services from technology vendors, serving businesses, government agencies, schools and other institutions.

Its services include cloud and data center solutions, cybersecurity, managed services, digital transformation, modern workplace initiatives, software asset management and IT consulting.