JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Insight Enterprises (NASDAQ:NSIT) Stock

Insight Enterprises (NASDAQ:NSIT) had its price target raised by stock analysts at JPMorgan Chase & Co. from $160.00 to $170.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 7.42% from the company’s current price.

A number of other analysts have also commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a report on Thursday, August 6th. Barrington Research set a $180.00 price objective on Insight Enterprises in a research note on Monday, August 10th. Zacks Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Weiss Ratings raised Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen cut Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Insight Enterprises has a consensus rating of “Hold” and an average price target of $175.00.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $158.25 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.19. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.15 and a beta of 1.06. Insight Enterprises has a 52 week low of $63.62 and a 52 week high of $182.12. The firm has a 50-day moving average price of $162.73 and a two-hundred day moving average price of $115.24.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, November 5th. The software maker reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.74. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.15 billion. Insight Enterprises had a return on equity of 24.01% and a net margin of 2.01%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.43 EPS. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. On average, equities analysts expect that Insight Enterprises will post 11.50 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Insight Enterprises

Several institutional investors have recently bought and sold shares of NSIT. BlackRock Inc. bought a new stake in Insight Enterprises in the 2nd quarter valued at about $587,162,000. Paradigm Capital Management Inc. NY purchased a new stake in Insight Enterprises during the second quarter valued at about $116,563,000. Bank of America Corp DE boosted its position in Insight Enterprises by 24.4% during the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock worth $21,176,000 after purchasing an additional 62,060 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Insight Enterprises by 6.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 265,601 shares of the software maker’s stock worth $17,856,000 after purchasing an additional 15,092 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in Insight Enterprises during the second quarter worth about $26,602,000.

Insight Enterprises Company Profile

Insight Enterprises is a global technology solutions provider that helps businesses and public-sector organizations plan, build and manage their IT environments. The company works with clients on digital transformation and technology projects, from selecting and sourcing products to implementing and supporting solutions.

Its offerings include computers, software and other technology products, as well as cloud services, cybersecurity, data and artificial intelligence solutions, and managed services.