Weiss Ratings Reiterates "Hold (C-)" Rating for Insight Enterprises (NASDAQ:NSIT)

Insight Enterprises (NASDAQ:NSIT - Get Free Report)'s stock had its "hold (c-)" rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Barrington Research restated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Insight Enterprises currently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

Insight Enterprises Trading Up 2.3%

NSIT opened at $110.67 on Wednesday. Insight Enterprises has a 52 week low of $107.64 and a 52 week high of $225.38. The business has a fifty day simple moving average of $122.51 and a 200-day simple moving average of $132.49. The firm has a market cap of $3.48 billion, a P/E ratio of 26.41, a P/E/G ratio of 0.99 and a beta of 1.13. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The company's quarterly revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, equities analysts expect that Insight Enterprises will post 9.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in Insight Enterprises in the first quarter valued at $27,000. Bessemer Group Inc. boosted its holdings in Insight Enterprises by 79.2% in the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after purchasing an additional 84 shares during the period. MTM Investment Management LLC acquired a new stake in Insight Enterprises in the second quarter valued at $55,000. Golden State Wealth Management LLC raised its stake in Insight Enterprises by 100.5% in the first quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock valued at $63,000 after buying an additional 210 shares in the last quarter. Finally, Covestor Ltd raised its stake in Insight Enterprises by 68.1% in the first quarter. Covestor Ltd now owns 580 shares of the software maker's stock valued at $87,000 after buying an additional 235 shares in the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.

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