Insight Enterprises (NASDAQ:NSIT) Hits New 1-Year High - Here's What Happened

Key Points

• Insight Enterprises shares reached a new 52-week high of $158.09, trading near $156.98 and surpassing the previous close of $156.26.
• The company reported strong quarterly results, with EPS of $3.86 versus the $2.93 consensus estimate and revenue of $2.40 billion, up 14.7% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $147.50, while institutional investors have recently increased their holdings.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $158.09 and last traded at $156.98, with a volume of 8755 shares traded. The stock had previously closed at $156.26.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NSIT shares. Wall Street Zen cut Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 2nd. Weiss Ratings raised Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Raymond James Financial restated an "outperform" rating and set a $175.00 price target on shares of Insight Enterprises in a report on Thursday, August 6th. Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $147.50.

Insight Enterprises Stock Down 0.0%

The company has a market cap of $4.58 billion, a P/E ratio of 22.87, a P/E/G ratio of 1.10 and a beta of 1.07. 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 company's 50-day moving average is $129.14 and its two-hundred day moving average is $100.73.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released 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. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the firm posted $2.45 EPS. The firm's quarterly revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Insight Enterprises

Several institutional investors have recently modified their holdings of the business. CWM LLC increased its holdings in Insight Enterprises by 39.2% in the 4th quarter. CWM LLC now owns 529 shares of the software maker's stock worth $43,000 after buying an additional 149 shares in the last quarter. Torren Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker's stock worth $47,000 after acquiring an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Insight Enterprises by 40.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker's stock valued at $48,000 after purchasing an additional 170 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Insight Enterprises by 467.1% during the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker's stock valued at $66,000 after purchasing an additional 668 shares during 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.

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