Insight Enterprises (NASDAQ:NSIT) Reaches New 1-Year High – Time to Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price reached a new 52-week high on Tuesday. The stock traded as high as $170.38 and last traded at $169.4980, with a volume of 26,651 shares changing hands. The stock had previously closed at $166.10.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NSIT shares. Zacks Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of 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 shares of Insight Enterprises in a report on Monday, August 10th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.50.

Insight Enterprises Stock Performance

The stock has a market cap of $5.05 billion, a P/E ratio of 25.14, a PEG ratio of 1.19 and a beta of 1.06. The business has a 50 day moving average price of $155.45 and a 200 day moving average price of $117.93. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results 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. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 11.50 EPS for the current year.

Insiders Place Their Bets

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. 1.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in Insight Enterprises during the 2nd quarter valued at about $32,000. Polaris Financial Partners purchased a new stake in shares of Insight Enterprises in the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC lifted its position in shares of Insight Enterprises by 35.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker’s stock worth $53,000 after purchasing an additional 88 shares during the period. IFP Advisors Inc boosted its stake in shares of 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 purchasing an additional 425 shares in the last quarter. Finally, 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.

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.