Insight Enterprises, Inc. (NASDAQ:NSIT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Insight Enterprises “Moderate Buy”: Of seven covering brokerages, three recommend holding, three recommend buying, and one gives a strong-buy rating. The average 12-month price target is $147.50.
• Insight Enterprises reported quarterly EPS of $3.86, beating estimates of $2.93, while revenue rose 14.7% year over year to $2.40 billion, above expectations of $2.18 billion.
• The stock opened at $157.34 after recently trading down 2.3%, near its 52-week high of $161.76; institutional investors including Royal Bank of Canada and AQR Capital Management increased their holdings.

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $147.50.

A number of brokerages recently weighed in on NSIT. Needham & Company LLC upgraded shares of Insight Enterprises to an "overweight" rating in a research note on Wednesday, May 27th. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a report on Monday, August 10th. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Zacks Research raised Insight Enterprises from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded Insight Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 29th.

Insight Enterprises Trading Down 2.3%

NASDAQ NSIT opened at $157.34 on Wednesday. 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 $161.76. The stock has a market capitalization of $4.62 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.10. The firm has a 50 day moving average of $136.01 and a two-hundred day moving average of $104.67.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.45 earnings per share. 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 fiscal year.

Insider Transactions at Insight Enterprises

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in Insight Enterprises by 684.8% during the first quarter. Royal Bank of Canada now owns 24,422 shares of the software maker's stock worth $3,664,000 after acquiring an additional 21,310 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Insight Enterprises by 39.7% during the 1st quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker's stock worth $2,264,000 after purchasing an additional 4,293 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Insight Enterprises during the 1st quarter worth approximately $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Insight Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker's stock worth $2,432,000 after purchasing an additional 714 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Insight Enterprises by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker's stock valued at $11,138,000 after buying an additional 3,722 shares in the last quarter.

Insight Enterprises Company Profile

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.

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