Insight Enterprises (NASDAQ:NSIT) Given New $170.00 Price Target at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT) had its price target raised by JPMorgan Chase & Co. from $160.00 to $170.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other research analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Wall Street Zen downgraded shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Raymond James Financial reissued an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a research note on Thursday, August 6th. Canaccord Genuity Group raised their target price on Insight Enterprises from $140.00 to $175.00 and gave the company a “hold” rating in a research report on Friday. Finally, Zacks Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $175.00.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $158.25 on Friday. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.15 and a beta of 1.06. Insight Enterprises has a 12 month low of $63.62 and a 12 month high of $182.12. The firm’s 50 day simple moving average is $162.73 and its 200-day simple moving average is $115.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.19 and a quick ratio of 1.16.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, November 5th. The software maker reported $3.59 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.74. Insight Enterprises had a net margin of 2.01% and a return on equity of 24.01%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the firm earned $2.43 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. Analysts expect that Insight Enterprises will post 11.50 EPS for the current year.

Insiders Place Their Bets

In related news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Insight Enterprises in the second quarter valued at approximately $587,162,000. Paradigm Capital Management Inc. NY purchased a new position in Insight Enterprises during the second quarter worth approximately $116,563,000. Bank of America Corp DE purchased a new position in Insight Enterprises during the second quarter worth approximately $36,643,000. Alyeska Investment Group L.P. acquired a new position in Insight Enterprises during the second quarter worth $26,602,000. Finally, Bank of New York Mellon Corp acquired a new position in Insight Enterprises during the second quarter worth $21,892,000.

About Insight Enterprises

Insight Enterprises is a global technology solutions provider that helps businesses and public-sector organizations plan, build and manage their IT environments. The company works with clients on digital transformation and technology projects, from selecting and sourcing products to implementing and supporting solutions.

Its offerings include computers, software and other technology products, as well as cloud services, cybersecurity, data and artificial intelligence solutions, and managed services.