Insight Enterprises (NASDAQ:NSIT) Stock Price Up 6.7% – Here’s What Happened

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price rose 6.7% on Thursday . The company traded as high as $68.59 and last traded at $69.2450. Approximately 95,380 shares changed hands during trading, a decline of 77% from the average daily volume of 423,797 shares. The stock had previously closed at $64.91.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NSIT shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $90.00 target price (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Barrington Research reiterated an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research report on Friday, February 6th. Canaccord Genuity Group set a $90.00 price target on Insight Enterprises in a report on Friday, February 6th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings downgraded Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Insight Enterprises has a consensus rating of “Reduce” and an average target price of $100.00.

Insight Enterprises Price Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.25. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92. The business’s 50 day simple moving average is $82.33 and its 200-day simple moving average is $92.13.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Insight Enterprises had a net margin of 1.91% and a return on equity of 19.61%. Insight Enterprises’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Institutional Trading of Insight Enterprises

Several hedge funds have recently added to or reduced their stakes in NSIT. Principal Financial Group Inc. raised its stake in shares of Insight Enterprises by 11.5% during the third quarter. Principal Financial Group Inc. now owns 151,848 shares of the software maker’s stock valued at $17,221,000 after purchasing an additional 15,655 shares in the last quarter. Vanguard Group Inc. grew its position in Insight Enterprises by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock valued at $463,965,000 after buying an additional 179,599 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Insight Enterprises by 64.2% during 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 period. Kennedy Capital Management LLC raised its position in shares of Insight Enterprises by 14.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 177,075 shares of the software maker’s stock worth $20,082,000 after buying an additional 22,072 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Insight Enterprises by 32.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 190,522 shares of the software maker’s stock worth $21,417,000 after buying an additional 46,485 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.