Insight Enterprises (NASDAQ:NSIT) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Insight Enterprises (NASDAQ:NSIT) from a buy rating to a hold rating in a research report released on Saturday morning.

NSIT has been the topic of a number of other reports. Canaccord Genuity Group set a $90.00 target price on Insight Enterprises in a research report on Friday, February 6th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Barrington Research restated an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research note on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Insight Enterprises currently has an average rating of “Reduce” and a consensus price target of $100.00.

Insight Enterprises Stock Performance

Shares of NSIT opened at $65.82 on Friday. Insight Enterprises has a one year low of $64.06 and a one year high of $153.52. The company has a market cap of $2.03 billion, a PE ratio of 13.24, a P/E/G ratio of 0.67 and a beta of 0.92. The stock has a 50-day moving average of $81.68 and a 200-day moving average of $91.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.22.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its holdings in Insight Enterprises by 1,591.3% during the fourth quarter. Hsbc Holdings PLC now owns 75,771 shares of the software maker’s stock worth $6,263,000 after buying an additional 71,291 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Insight Enterprises by 172.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after acquiring an additional 368 shares in the last quarter. Pacer Advisors Inc. bought a new position in Insight Enterprises during the 4th quarter valued at $12,764,000. Invesco Ltd. boosted its holdings in Insight Enterprises by 31.9% during the 4th quarter. Invesco Ltd. now owns 224,884 shares of the software maker’s stock worth $18,321,000 after acquiring an additional 54,376 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in Insight Enterprises by 38.8% during the 4th quarter. Vident Advisory LLC now owns 9,786 shares of the software maker’s stock worth $797,000 after acquiring an additional 2,734 shares during the last quarter.

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.