Insight Enterprises (NASDAQ:NSIT) Stock Price Up 6.7% – Still a Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price shot up 6.7% during mid-day trading on Thursday . The stock traded as high as $68.59 and last traded at $69.2450. 95,380 shares were traded during mid-day trading, a decline of 77% from the average session volume of 423,797 shares. The stock had previously closed at $64.91.

Wall Street Analyst Weigh In

Several brokerages recently commented on NSIT. Barrington Research reissued an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a report on Friday, February 6th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Canaccord Genuity Group set a $90.00 price objective on Insight Enterprises in a report on Friday, February 6th. Finally, Weiss Ratings cut Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Insight Enterprises has a consensus rating of “Reduce” and a consensus price target of $100.00.

Insight Enterprises Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92. The company’s 50-day simple moving average is $82.33 and its 200-day simple moving average is $92.13.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Insight Enterprises by 11.5% in the third quarter. Principal Financial Group Inc. now owns 151,848 shares of the software maker’s stock worth $17,221,000 after acquiring an additional 15,655 shares in the last quarter. Vanguard Group Inc. boosted its stake in Insight Enterprises by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock worth $463,965,000 after purchasing an additional 179,599 shares during the period. JPMorgan Chase & Co. grew its position in Insight Enterprises by 64.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock worth $22,336,000 after purchasing an additional 76,992 shares in the last quarter. Kennedy Capital Management LLC grew its position in Insight Enterprises by 14.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 177,075 shares of the software maker’s stock worth $20,082,000 after purchasing an additional 22,072 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Insight Enterprises by 32.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 190,522 shares of the software maker’s stock valued at $21,417,000 after purchasing an additional 46,485 shares during the period.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.