Insight Enterprises (NASDAQ:NSIT) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on NSIT. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $112.53 on Tuesday. The stock’s fifty day simple moving average is $101.89 and its 200 day simple moving average is $87.61. Insight Enterprises has a one year low of $63.62 and a one year high of $148.58. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.43. The firm had revenue of $2.13 billion during 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 business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, analysts expect that Insight Enterprises will post 10.8 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO James A. Morgado acquired 2,290 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $87.25 per share, with a total value of $199,802.50. Following the completion of the purchase, the chief financial officer directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSIT. Morgan Stanley lifted its holdings in shares of Insight Enterprises by 15.6% in the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after purchasing an additional 362,258 shares in the last quarter. State Street Corp grew its stake in shares of 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 in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Insight Enterprises by 17.9% in the first quarter. Paradigm Capital Management Inc. NY now owns 955,933 shares of the software maker’s stock valued at $64,057,000 after purchasing an additional 145,169 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Insight Enterprises by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock worth $73,847,000 after purchasing an additional 94,877 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Insight Enterprises by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker’s stock worth $60,457,000 after purchasing an additional 8,919 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.