Insight Enterprises (NASDAQ:NSIT) Rating Lowered to Hold at Zacks Research

Insight Enterprises (NASDAQ:NSIT) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

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

Insight Enterprises Price Performance

Shares of NSIT opened at $160.13 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The company’s fifty day moving average price is $153.40 and its 200-day moving average price is $115.93. Insight Enterprises has a 1-year low of $63.62 and a 1-year high of $168.50. The firm has a market capitalization of $4.70 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business posted $2.45 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities research analysts predict that Insight Enterprises will post 11.5 EPS for the current year.

Insider Activity at Insight Enterprises

In related news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Insight Enterprises

Hedge funds have recently bought and sold shares of the stock. Argent Capital Management LLC acquired a new stake in shares of Insight Enterprises during the 3rd quarter worth approximately $1,142,000. Polaris Financial Partners acquired a new position in Insight Enterprises in the 3rd quarter worth about $41,000. QRG Capital Management Inc. acquired a new position in shares of Insight Enterprises during the 2nd quarter worth approximately $397,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Insight Enterprises by 48.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,723 shares of the software maker’s stock valued at $575,000 after buying an additional 1,546 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Insight Enterprises in the 2nd quarter valued at $32,000.

Insight Enterprises Company Profile

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.