Insight Enterprises (NASDAQ:NSIT) Cut to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Insight Enterprises from “strong buy” to “hold.” The broader analyst consensus is also “hold,” with three buys and four holds and an average price target of $147.50.
• Insight shares opened at $160.13, near their 52-week high of $168.50, giving the company a market capitalization of approximately $4.70 billion.
• The company reported stronger-than-expected quarterly results, with EPS of $3.86 versus the $2.93 consensus and revenue of $2.40 billion, up 14.7% year over year.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other research firms have also recently weighed in on NSIT. Weiss Ratings raised shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Barrington Research set a $180.00 target price on Insight Enterprises in a research report on Monday, August 10th. JPMorgan Chase & Co. boosted their price target on Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Raymond James Financial reissued an "outperform" rating and issued a $175.00 price target on shares of Insight Enterprises in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded Insight Enterprises from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $147.50.

Insight Enterprises Stock Up 0.4%

Shares of NASDAQ:NSIT opened at $160.13 on Tuesday. 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 has a 52-week low of $63.62 and a 52-week high of $168.50. The company has a 50 day moving average of $153.40 and a two-hundred day moving average of $115.93. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, analysts forecast that Insight Enterprises will post 11.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Karim Adatia sold 248 shares of the business's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors have recently made changes to their positions in NSIT. Argent Capital Management LLC bought a new position in Insight Enterprises during the third quarter worth $1,142,000. Polaris Financial Partners bought a new stake in Insight Enterprises during the third quarter valued at $41,000. QRG Capital Management Inc. bought a new stake in Insight Enterprises during the second quarter valued at $397,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Insight Enterprises by 48.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,723 shares of the software maker's stock worth $575,000 after purchasing an additional 1,546 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Insight Enterprises during the second quarter worth $32,000.

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.

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