Insight Enterprises (NASDAQ:NSIT) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Insight Enterprises shares rose above their 200-day moving average, reaching $167.15 and last trading at $164.30, versus a 200-day average of $122.08.
• Analyst sentiment is mixed: three analysts rate the stock Buy and four rate it Hold, with an average rating of Hold and an average price target of $147.50—below the current share price.
• The company exceeded quarterly expectations, reporting $3.86 in EPS versus a $2.93 consensus and $2.40 billion in revenue, up 14.7% year over year.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $122.08 and traded as high as $167.15. Insight Enterprises shares last traded at $164.30, with a volume of 276,666 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NSIT. Wall Street Zen lowered shares of Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. Zacks Research lowered Insight Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. boosted their price objective on Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Raymond James Financial reissued an "outperform" rating and issued a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. Finally, Barrington Research set a $180.00 price objective on shares of Insight Enterprises in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $147.50.

Insight Enterprises Stock Up 0.3%

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 has a market capitalization of $4.82 billion, a PE ratio of 24.06, a P/E/G ratio of 1.19 and a beta of 1.06. The business's 50 day simple moving average is $157.60 and its 200 day simple moving average is $122.08.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly 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 business 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%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, analysts anticipate that Insight Enterprises, Inc. will post 11.50 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.21% of the company's stock.

Institutional Investors Weigh In On Insight Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $32,000. Polaris Financial Partners acquired a new position in shares of Insight Enterprises in the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC lifted its holdings in shares of Insight Enterprises by 35.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker's stock worth $53,000 after acquiring an additional 88 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Insight Enterprises by 301.4% during the 2nd quarter. IFP Advisors Inc now owns 566 shares of the software maker's stock worth $69,000 after purchasing an additional 425 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Insight Enterprises by 172.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker's stock worth $47,000 after purchasing an additional 368 shares during the period.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.

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