Wall Street Zen Upgrades Insight Enterprises (NASDAQ:NSIT) to Strong-Buy

Insight Enterprises (NASDAQ:NSIT) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other analysts also recently commented on the stock. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. 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. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Thursday, May 7th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $117.65 on Friday. The company has a market capitalization of $3.55 billion, a PE ratio of 20.57, a P/E/G ratio of 1.08 and a beta of 1.08. Insight Enterprises has a 52-week low of $63.62 and a 52-week high of $148.58. The stock’s 50 day moving average price is $110.90 and its 200 day moving average price is $90.58. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, research analysts anticipate that Insight Enterprises will post 10.89 EPS for the current year.

Insiders Place Their Bets

In related news, CFO James A. Morgado bought 2,290 shares of the company’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $87.25 per share, with a total value of $199,802.50. Following the completion of the acquisition, the chief financial officer owned 17,246 shares in the company, valued at approximately $1,504,713.50. This represents a 15.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Insight Enterprises by 31.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock worth $21,033,000 after purchasing an additional 59,987 shares during the last quarter. Country Trust Bank grew its holdings in Insight Enterprises by 45.6% in the fourth quarter. Country Trust Bank now owns 279,375 shares of the software maker’s stock valued at $22,761,000 after purchasing an additional 87,538 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Insight Enterprises in the fourth quarter valued at $4,400,000. BNP Paribas Financial Markets increased its position in shares of Insight Enterprises by 21.9% in the fourth quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock valued at $15,353,000 after buying an additional 33,880 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Insight Enterprises by 264.5% in the fourth quarter. SG Americas Securities LLC now owns 18,904 shares of the software maker’s stock valued at $1,540,000 after buying an additional 13,718 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.