Insight Enterprises (NASDAQ:NSIT) Hits New 52-Week High – Should You Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week high on Friday. The company traded as high as $178.23 and last traded at $173.5340, with a volume of 51,423 shares. The stock had previously closed at $171.27.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NSIT. Zacks Research cut Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. boosted their price objective on Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Barrington Research set a $180.00 price objective on shares of Insight Enterprises in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $147.50.

Insight Enterprises Price Performance

The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $5.12 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.24 and a beta of 1.06. The business’s fifty day moving average price is $158.23 and its 200-day moving average price is $123.55.

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 company had revenue of $2.40 billion during 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%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts predict that Insight Enterprises, Inc. will post 11.50 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in Insight Enterprises by 587.8% in the 3rd quarter. Sterling Capital Management LLC now owns 3,996 shares of the software maker’s stock worth $625,000 after buying an additional 3,415 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Insight Enterprises in the third quarter worth approximately $51,000. Crossmark Global Holdings Inc. bought a new position in Insight Enterprises during the third quarter valued at approximately $243,000. Nisa Investment Advisors LLC grew its position in Insight Enterprises by 19.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,347 shares of the software maker’s stock valued at $367,000 after acquiring an additional 381 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in Insight Enterprises during the third quarter valued at approximately $591,000.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.