Insight Enterprises (NASDAQ:NSIT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a buy rating to a strong-buy rating in a research note released on Saturday,Wall Street Zen reports.

NSIT has been the topic of several other research reports. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Barrington Research set a $180.00 price objective on Insight Enterprises in a research note on Monday, August 10th. Weiss Ratings upgraded Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Insight Enterprises in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a research note on Friday, May 8th. One 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 data from MarketBeat, Insight Enterprises has an average rating of “Moderate Buy” and an average price target of $147.50.

Insight Enterprises Trading Up 0.9%

NSIT opened at $157.02 on Friday. The firm has a market capitalization of $4.61 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.13 and a beta of 1.07. The firm’s 50 day moving average is $131.11 and its 200-day moving average is $101.62. Insight Enterprises has a 52-week low of $63.62 and a 52-week high of $159.41. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last announced its 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. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $2.45 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Analysts expect that Insight Enterprises will post 11.5 EPS for the current fiscal year.

Institutional Trading of Insight Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of NSIT. Studio Investment Management LLC lifted its holdings in Insight Enterprises by 2.9% during the 2nd quarter. Studio Investment Management LLC now owns 3,657 shares of the software maker’s stock worth $445,000 after buying an additional 102 shares during the last quarter. Creative Planning increased its holdings in shares of Insight Enterprises by 1.8% in the 3rd quarter. Creative Planning now owns 7,630 shares of the software maker’s stock valued at $865,000 after acquiring an additional 135 shares during the last quarter. CWM LLC raised 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 in the last quarter. Raymond James Financial Inc. raised its position in shares of Insight Enterprises by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker’s stock valued at $1,118,000 after acquiring an additional 154 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after purchasing an additional 160 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.