Insight Enterprises (NASDAQ:NSIT) Shares Pass Above 200 Day Moving Average – What’s Next?

Insight Enterprises, Inc. (NASDAQ:NSIT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $89.19 and traded as high as $117.62. Insight Enterprises shares last traded at $115.67, with a volume of 458,768 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NSIT. JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price for the company in a research note on Wednesday, May 27th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Finally, Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Insight Enterprises Stock Down 0.3%

The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.48 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. The stock has a fifty day simple moving average of $108.09 and a two-hundred day simple moving average of $89.37.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business posted $2.06 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 10.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO James A. Morgado bought 2,290 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at $1,504,713.50. This trade represents a 15.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in shares of Insight Enterprises by 39.2% in the fourth 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 purchased a new stake in shares of Insight Enterprises in the 4th quarter valued at $44,000. Caitong International Asset Management Co. Ltd boosted its position in Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after buying an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in Insight Enterprises by 40.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after acquiring an additional 170 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after acquiring an additional 668 shares during the last quarter.

Insight Enterprises Company Profile

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.