Insight Enterprises (NASDAQ:NSIT) Rating Increased to Strong-Buy 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 report published on Saturday.

A number of other equities analysts also recently issued reports on NSIT. Barrington Research set a $180.00 price objective on Insight Enterprises in a research report on Monday, August 10th. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 target price on shares of Insight Enterprises in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Finally, Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.50.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $155.65 on Friday. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 1.13 and a beta of 1.07. Insight Enterprises has a twelve month low of $63.62 and a twelve month high of $158.57. The company’s fifty day moving average is $130.09 and its 200 day moving average is $101.11. 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 (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.93. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.Insight Enterprises’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Sell-side analysts forecast that Insight Enterprises will post 11.5 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $587,162,000. California State Teachers Retirement System grew its stake in Insight Enterprises by 11,754.5% during the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock worth $501,372,000 after purchasing an additional 4,081,629 shares during the period. Paradigm Capital Management Inc. NY bought a new stake in Insight Enterprises in the second quarter worth approximately $116,563,000. Norges Bank bought a new stake in Insight Enterprises in the fourth quarter worth approximately $36,209,000. Finally, Morgan Stanley lifted its stake in Insight Enterprises by 15.6% in the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after buying an additional 362,258 shares during the period.

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.