Insight Enterprises (NASDAQ:NSIT) Reaches New 1-Year High After Analyst Upgrade

Insight Enterprises, Inc. (NASDAQ:NSIT) shares hit a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $135.00 to $160.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Insight Enterprises traded as high as $154.57 and last traded at $147.5750, with a volume of 547834 shares traded. The stock had previously closed at $149.32.

Several other equities research analysts also recently weighed in on NSIT. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Raymond James Financial restated an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a research report on Thursday. Wall Street Zen lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Insight Enterprises currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.

Institutional Trading of Insight Enterprises

A number of hedge funds have recently bought and sold shares of the company. Creative Planning increased its position in shares of Insight Enterprises by 1.8% in the third quarter. Creative Planning now owns 7,630 shares of the software maker’s stock worth $865,000 after purchasing an additional 135 shares during the period. CWM LLC lifted its position in Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after purchasing an additional 149 shares during the period. Raymond James Financial Inc. grew its stake in Insight Enterprises by 1.6% during the third quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker’s stock worth $1,118,000 after buying an additional 154 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after buying an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Insight Enterprises by 4.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,782 shares of the software maker’s stock valued at $522,000 after buying an additional 162 shares during the period.

Insight Enterprises Stock Down 0.9%

The firm’s 50-day moving average price is $118.23 and its 200 day moving average price is $94.01. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.37 and a beta of 1.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, sell-side analysts forecast that Insight Enterprises, Inc. will post 10.89 EPS for the current fiscal year.

About Insight Enterprises

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.