James Morgado Buys 2,290 Shares of Insight Enterprises (NASDAQ:NSIT) Stock

Insight Enterprises, Inc. (NASDAQ:NSIT) CFO James Morgado purchased 2,290 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the transaction, the chief financial officer directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Insight Enterprises Stock Up 2.3%

NSIT stock opened at $89.35 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.70 billion, a PE ratio of 15.62, a PEG ratio of 0.77 and a beta of 0.96. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $148.58. The business’s 50 day simple moving average is $75.22 and its 200 day simple moving average is $82.28.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates 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 was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, research analysts anticipate that Insight Enterprises, Inc. will post 11.34 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Insight Enterprises in a report on Thursday, April 2nd. Barrington Research reissued an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a report on Friday, February 6th. Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. decreased their target price on Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.75.

Institutional Trading of Insight Enterprises

Several institutional investors have recently added to or reduced their stakes in NSIT. Royal Bank of Canada boosted its stake in Insight Enterprises by 684.8% in the 1st quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock valued at $3,664,000 after purchasing an additional 21,310 shares during the period. AQR Capital Management LLC boosted its stake in Insight Enterprises by 39.7% in the 1st quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock valued at $2,264,000 after purchasing an additional 4,293 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Insight Enterprises in the 1st quarter valued at $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Insight Enterprises by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock valued at $2,432,000 after purchasing an additional 714 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Insight Enterprises by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock valued at $11,138,000 after purchasing an additional 3,722 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.