Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month High – Here’s Why

Insight Enterprises, Inc. (NASDAQ:NSIT) shares reached a new 52-week high on Thursday . The stock traded as high as $159.42 and last traded at $159.15, with a volume of 181199 shares trading hands. The stock had previously closed at $152.06.

Analyst Ratings Changes

Several research analysts have commented on NSIT shares. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.50.

Insight Enterprises Stock Up 1.1%

The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. The company has a 50 day simple moving average of $134.49 and a two-hundred day simple moving average of $103.47. The company has a market capitalization of $4.72 billion, a P/E ratio of 23.57, a PEG ratio of 1.15 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the business earned $2.45 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 11.5 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a filing with the SEC, which is available at this link. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

Several hedge funds have recently added to or reduced their stakes in NSIT. 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 worth $43,000 after purchasing an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Insight Enterprises by 40.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock valued at $48,000 after buying an additional 170 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Insight Enterprises by 467.1% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after buying an additional 668 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Insight Enterprises by 32.2% during the 4th quarter. Covestor Ltd now owns 879 shares of the software maker’s stock worth $72,000 after acquiring an additional 214 shares during 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.