Insight Enterprises (NASDAQ:NSIT) Raised to “Buy” at Wall Street Zen

Insight Enterprises (NASDAQ:NSIT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research analysts have also commented on the company. Weiss Ratings lowered Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $90.00 price target (down previously from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Canaccord Genuity Group initiated coverage on shares of Insight Enterprises in a report on Wednesday, November 19th. They set a “hold” rating and a $100.00 price objective for the company. Finally, Barrington Research reiterated an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a research report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $103.33.

Insight Enterprises Stock Down 1.9%

NASDAQ NSIT opened at $85.78 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.27 and a current ratio of 1.30. The firm has a 50-day simple moving average of $85.75 and a 200 day simple moving average of $111.11. Insight Enterprises has a twelve month low of $77.10 and a twelve month high of $181.92. The stock has a market cap of $2.66 billion, a PE ratio of 20.00, a PEG ratio of 0.41 and a beta of 0.93.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.06). The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.15 billion. Insight Enterprises had a net margin of 1.72% and a return on equity of 19.20%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.19 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. On average, research analysts forecast that Insight Enterprises will post 9.89 EPS for the current year.

Institutional Investors Weigh In On Insight Enterprises

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Insight Enterprises by 264.5% during the fourth quarter. SG Americas Securities LLC now owns 18,904 shares of the software maker’s stock valued at $1,540,000 after purchasing an additional 13,718 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Insight Enterprises during the 4th quarter worth $1,028,000. JPMorgan Chase & Co. boosted its position in Insight Enterprises by 64.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock valued at $22,336,000 after buying an additional 76,992 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Insight Enterprises by 11.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 20,000 shares of the software maker’s stock valued at $2,268,000 after buying an additional 2,000 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Insight Enterprises in the 3rd quarter valued at $350,000.

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.