Insight Enterprises (NASDAQ:NSIT) Rating Increased to Neutral at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Wednesday. The firm presently has a $105.00 target price on the software maker’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 4.90% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insight Enterprises in a research note on Thursday, April 2nd. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research note on Friday, May 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Insight Enterprises currently has an average rating of “Hold” and an average price target of $100.00.

Insight Enterprises Trading Up 2.4%

Shares of Insight Enterprises stock opened at $100.10 on Wednesday. Insight Enterprises has a 1 year low of $63.62 and a 1 year high of $148.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. The company has a market capitalization of $3.02 billion, a P/E ratio of 17.50, a PEG ratio of 0.86 and a beta of 0.96. The company’s fifty day moving average is $76.83 and its two-hundred day moving average is $81.90.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm posted $2.06 EPS. Insight Enterprises’s revenue for the quarter was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Analysts forecast that Insight Enterprises will post 11.34 earnings per share for the current year.

Insider Activity

In related news, CFO James A. Morgado purchased 2,290 shares of Insight Enterprises stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the transaction, the chief financial officer owned 17,246 shares in the company, valued at approximately $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of NSIT. CWM LLC lifted its position in shares of Insight Enterprises by 39.2% during the 4th 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 period. Torren Management LLC acquired a new stake in shares of Insight Enterprises during the 4th quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $47,000 after acquiring an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Insight Enterprises during the 3rd quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. raised its position 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 worth $66,000 after purchasing 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.