Insight Enterprises (NASDAQ:NSIT) Stock Rating Lowered by Wall Street Zen

Insight Enterprises (NASDAQ:NSIT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $90.00 target price (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Barrington Research restated an “outperform” rating and issued 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 objective on shares of Insight Enterprises in a report on Friday, February 6th. Finally, Weiss Ratings lowered shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating 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. Based on data from MarketBeat, Insight Enterprises presently has a consensus rating of “Reduce” and an average target price of $100.00.

Insight Enterprises Stock Performance

NSIT opened at $65.82 on Friday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92. The stock’s 50 day moving average price is $81.68 and its two-hundred day moving average price is $91.05. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. Insight Enterprises has a 12-month low of $64.06 and a 12-month high of $153.52.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business posted $2.66 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities analysts forecast that Insight Enterprises will post 9.89 earnings per share for the current year.

Institutional Trading of Insight Enterprises

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Insight Enterprises by 4.6% in the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock valued at $463,965,000 after acquiring an additional 179,599 shares during the last quarter. Morgan Stanley grew its position in Insight Enterprises by 15.6% during the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after acquiring an additional 362,258 shares during the last quarter. State Street Corp grew its position in Insight Enterprises by 3.2% during the 4th quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after acquiring an additional 36,566 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Insight Enterprises by 11.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock valued at $73,847,000 after purchasing an additional 94,877 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its position in Insight Enterprises by 35.9% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock valued at $66,053,000 after purchasing an additional 214,064 shares during the last quarter.

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.