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

Key Points

• Insight Enterprises has a “Moderate Buy” consensus rating from seven brokerages, with three buys, three holds and one strong buy; the average 12-month price target is $147.50.
• The company reported quarterly EPS of $3.86, beating estimates of $2.93, while revenue reached $2.40 billion and increased 14.7% year over year.
• Shares opened at $154.25, near their 52-week high of $157.35, while major investors including BlackRock, Paradigm Capital and Norges Bank recently established or increased positions.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $147.50.

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Needham & Company LLC upgraded shares of Insight Enterprises to an "overweight" rating in a research report on Wednesday, May 27th. Zacks Research raised Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. Barrington Research set a $180.00 target price on Insight Enterprises in a report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Insight Enterprises from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, August 7th.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $154.25 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market cap of $4.53 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07. The stock has a 50-day moving average of $122.00 and a 200-day moving average of $96.47. Insight Enterprises has a one year low of $63.62 and a one year high of $157.35.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. Insight Enterprises's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, sell-side analysts expect that Insight Enterprises will post 10.89 earnings per share for the current year.

Institutional Trading of Insight Enterprises

A number of large investors have recently bought and sold shares of NSIT. BlackRock Inc. bought a new position in Insight Enterprises in the second quarter valued at approximately $587,162,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Insight Enterprises during the second quarter worth $116,563,000. Norges Bank bought a new stake in shares of Insight Enterprises during the fourth quarter worth $36,209,000. Morgan Stanley raised its holdings in shares of Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker's stock worth $218,496,000 after acquiring an additional 362,258 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in Insight Enterprises by 321.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker's stock valued at $32,754,000 after acquiring an additional 180,860 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source