Insight Enterprises (NASDAQ:NSIT) Sets New 12-Month High - What's Next?

Key Points

• Insight Enterprises reached a new 52-week high, trading as high as $167.95 and last changing hands at $165.19, up from a prior close of $160.72.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $147.50 target price; recent upgrades include Zacks Research to “Strong Buy” and Needham to “Overweight.”
• The company exceeded quarterly expectations, reporting $3.86 in earnings per share versus the $2.93 consensus and $2.40 billion in revenue, up 14.7% year over year.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $167.95 and last traded at $165.19, with a volume of 408517 shares trading hands. The stock had previously closed at $160.72.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Needham & Company LLC raised shares of Insight Enterprises to an "overweight" rating in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. Finally, Raymond James Financial restated an "outperform" rating and set a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Insight Enterprises has a consensus rating of "Moderate Buy" and a consensus target price of $147.50.

Insight Enterprises Stock Performance

The stock's 50-day moving average price is $141.65 and its 200-day moving average price is $107.93. The company has a market cap of $4.85 billion, a P/E ratio of 24.19, a PEG ratio of 1.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.93. The business 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%. Insight Enterprises's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities analysts anticipate that Insight Enterprises, Inc. will post 11.5 EPS for the current year.

Insider Transactions at Insight Enterprises

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the firm's stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. 1.21% of the stock is owned by corporate insiders.

Institutional Trading of Insight Enterprises

Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Insight Enterprises during the second quarter worth $587,162,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Insight Enterprises in the 2nd quarter valued at $116,563,000. The Manufacturers Life Insurance Company bought a new position in shares of Insight Enterprises in the 2nd quarter valued at $1,666,000. Alyeska Investment Group L.P. acquired a new position in shares of Insight Enterprises during the 2nd quarter worth $26,602,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Insight Enterprises during the 4th quarter worth $4,400,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.

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