Insight Enterprises (NASDAQ:NSIT) Reaches New 1-Year High - Time to Buy?

Key Points

• Insight Enterprises reached a new 52-week high, trading as high as $170.38, with a market capitalization of approximately $5.05 billion.
• The company reported strong quarterly results, earning $3.86 per share versus the $2.93 consensus estimate, while revenue rose 14.7% year over year to $2.40 billion.
• Analyst sentiment remains cautious: three analysts rate the stock Buy and four rate it Hold, producing an overall “Hold” rating and an average price target of $147.50—below its current price.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $170.38 and last traded at $169.4980, with a volume of 26,651 shares changing hands. The stock had previously closed at $166.10.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NSIT. JPMorgan Chase & Co. upped their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Zacks Research cut Insight Enterprises from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Raymond James Financial restated an "outperform" rating and issued a $175.00 price objective on shares of Insight Enterprises in a research report on Thursday, August 6th. Barrington Research set a $180.00 price objective on Insight Enterprises in a research report on Monday, August 10th. Finally, Weiss Ratings raised Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Insight Enterprises has an average rating of "Hold" and an average target price of $147.50.

Insight Enterprises Price Performance

The firm's fifty day moving average price is $155.45 and its 200 day moving average price is $117.93. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. The stock has a market cap of $5.05 billion, a PE ratio of 25.14, a P/E/G ratio of 1.19 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. Insight Enterprises's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 11.50 EPS for the current fiscal year.

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds have recently made changes to their positions in NSIT. BlackRock Inc. bought a new stake in Insight Enterprises during the second quarter worth approximately $587,162,000. Paradigm Capital Management Inc. NY purchased a new stake in Insight Enterprises during the second quarter valued at approximately $116,563,000. Bank of America Corp DE bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $36,643,000. Alyeska Investment Group L.P. bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $26,602,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $21,892,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations plan, procure, implement and manage information technology. The company offers hardware, software, cloud solutions and related services from technology vendors, serving businesses, government agencies, schools and other institutions.

Its services include cloud and data center solutions, cybersecurity, managed services, digital transformation, modern workplace initiatives, software asset management and IT consulting.

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