Insight Enterprises (NASDAQ:NSIT) Downgraded to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Insight Enterprises from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with a $147.50 price target.
• Insight shares rose 6.1% to $165.37, near their 52-week high, with a market capitalization of approximately $4.85 billion.
• The company reported quarterly EPS of $3.86, beating estimates of $2.93, while revenue reached $2.40 billion—up 14.7% year over year and above analyst expectations.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

NSIT has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a research note on Monday, August 10th. Raymond James Financial restated an "outperform" rating and issued a $175.00 target price on shares of Insight Enterprises in a report on Thursday, August 6th. 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. 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 investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.50.

Insight Enterprises Trading Up 6.1%

Shares of NASDAQ NSIT opened at $165.37 on Friday. The business's 50 day moving average is $138.63 and its two-hundred day moving average is $106.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises has a 1-year low of $63.62 and a 1-year high of $165.79. The stock has a market capitalization of $4.85 billion, a P/E ratio of 24.21, a PEG ratio of 1.13 and a beta of 1.10.

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

Insider Transactions at Insight Enterprises

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the company's stock in a transaction on 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 filing with the SEC, which is available at the SEC website. 1.21% of the stock is currently owned by insiders.

Institutional Trading of Insight Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Insight Enterprises during the second quarter worth approximately $587,162,000. California State Teachers Retirement System boosted its holdings in shares of Insight Enterprises by 11,754.5% in the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker's stock valued at $501,372,000 after purchasing an additional 4,081,629 shares during the period. Paradigm Capital Management Inc. NY purchased a new stake in shares of Insight Enterprises in the second quarter valued at approximately $116,563,000. Norges Bank purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $36,209,000. Finally, Morgan Stanley grew its stake in Insight Enterprises by 15.6% in the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker's stock worth $218,496,000 after purchasing an additional 362,258 shares in the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.

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