Insight Enterprises (NASDAQ:NSIT) Price Target Raised to $170.00

Key Points

• JPMorgan raised its price target on Insight Enterprises from $160 to $170, maintaining a neutral rating; the new target implies 7.42% upside from the previous close.
• Analyst sentiment remains broadly cautious: MarketBeat reports a consensus “Hold” rating and a $175 average price target.
• Insight beat quarterly estimates, reporting $3.59 in EPS versus $2.85 expected and $2.44 billion in revenue versus $2.15 billion expected; revenue rose 21.8% year over year.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $160.00 to $170.00 in a report released on Friday, Benzinga reports. The firm currently has a "neutral" rating on the software maker's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 7.42% from the company's previous close.

A number of other equities research analysts have also weighed in on the stock. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a research note on Monday, August 10th. Zacks Research cut Insight Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Canaccord Genuity Group upped their target price on Insight Enterprises from $140.00 to $175.00 and gave the stock a "hold" rating in a report on Friday. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, October 28th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $175.00.

Insight Enterprises Price Performance

NSIT opened at $158.25 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.19 and a quick ratio of 1.16. Insight Enterprises has a 1 year low of $63.62 and a 1 year high of $182.12. The stock's 50 day simple moving average is $162.73 and its 200 day simple moving average is $115.24. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.15 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The software maker reported $3.59 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.74. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 2.01% and a return on equity of 24.01%. The firm's revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 EPS. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. As a group, analysts predict that Insight Enterprises will post 11.50 earnings per share for the current year.

Insider Buying and Selling

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.21% of the company's stock.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds have recently modified their holdings of NSIT. Integrated Wealth Concepts LLC purchased a new position in Insight Enterprises in the 2nd quarter worth approximately $32,000. Polaris Financial Partners bought a new stake in shares of Insight Enterprises in the third quarter worth about $41,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Insight Enterprises in the third quarter worth about $51,000. Farther Finance Advisors LLC boosted its stake in Insight Enterprises by 35.2% during the third quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker's stock valued at $53,000 after buying an additional 88 shares during the last quarter. Finally, Heritage Family Offices LLP bought a new position in Insight Enterprises during the third quarter valued at approximately $78,000.

About Insight Enterprises

Insight Enterprises is a global technology solutions provider that helps businesses and public-sector organizations plan, build and manage their IT environments. The company works with clients on digital transformation and technology projects, from selecting and sourcing products to implementing and supporting solutions.

Its offerings include computers, software and other technology products, as well as cloud services, cybersecurity, data and artificial intelligence solutions, and managed services.

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