Insight Enterprises (NASDAQ:NSIT) Raised to Strong-Buy at Zacks Research

Insight Enterprises (NASDAQ:NSIT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

NSIT has been the subject of a number of other reports. Weiss Ratings raised shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Insight Enterprises Stock Up 0.3%

NASDAQ:NSIT opened at $112.53 on Tuesday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.04 and a beta of 1.08. Insight Enterprises has a 1-year low of $63.62 and a 1-year high of $148.58. 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 business’s fifty day moving average price is $101.89 and its 200 day moving average price is $87.61.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company posted $2.06 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, sell-side analysts forecast that Insight Enterprises will post 10.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, CFO James A. Morgado purchased 2,290 shares of Insight Enterprises stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the acquisition, the chief financial officer directly owned 17,246 shares in the company, valued at $1,504,713.50. This represents a 15.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after acquiring an additional 149 shares during the last quarter. Torren Management LLC bought a new stake in Insight Enterprises in the fourth quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd increased its stake 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 last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of 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 valued at $48,000 after purchasing an additional 170 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock valued at $66,000 after purchasing an additional 668 shares in the last quarter.

About Insight Enterprises

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.