Insight Enterprises, Inc. (NASDAQ:NSIT) Receives $147.50 Consensus PT from Brokerages

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $147.50.

NSIT has been the topic of a number of recent analyst reports. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Wall Street Zen cut Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Barrington Research set a $180.00 price objective on shares of Insight Enterprises in a research note on Monday, August 10th. Finally, Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th.

Hedge Funds Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new position in shares of Insight Enterprises during the fourth quarter worth approximately $4,400,000. BNP Paribas Financial Markets increased its stake in Insight Enterprises by 21.9% during the 4th quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock valued at $15,353,000 after purchasing an additional 33,880 shares in the last quarter. Denali Advisors LLC bought a new stake in Insight Enterprises during the 2nd quarter valued at $2,207,000. M&T Bank Corp acquired a new position in Insight Enterprises during the fourth quarter worth $1,126,000. Finally, Assenagon Asset Management S.A. raised its holdings in Insight Enterprises by 34.6% during the second quarter. Assenagon Asset Management S.A. now owns 60,746 shares of the software maker’s stock worth $7,399,000 after buying an additional 15,623 shares during the last quarter.

Insight Enterprises Stock Up 0.8%

Shares of NASDAQ NSIT opened at $147.38 on Friday. The company’s 50 day moving average price is $125.77 and its 200-day moving average price is $98.72. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises has a 52-week low of $63.62 and a 52-week high of $157.35. The company has a market capitalization of $4.33 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. Insight Enterprises’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities analysts forecast that Insight Enterprises will post 11.5 earnings per share for the current year.

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.