Insight Enterprises (NASDAQ:NSIT) Rating Increased to Buy at Wall Street Zen

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

NSIT has been the topic of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. Canaccord Genuity Group assumed coverage on shares of Insight Enterprises in a report on Wednesday, November 19th. They set a “hold” rating and a $100.00 target price on the stock. Finally, Barrington Research set a $120.00 price target on shares of Insight Enterprises in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Insight Enterprises currently has a consensus rating of “Hold” and an average price target of $128.33.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $86.06 on Friday. Insight Enterprises has a 52-week low of $81.59 and a 52-week high of $181.92. The company has a fifty day moving average of $98.44 and a 200-day moving average of $120.15. The company has a market capitalization of $2.67 billion, a P/E ratio of 20.06, a P/E/G ratio of 0.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.27 and a current ratio of 1.30.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, October 30th. The software maker reported $2.43 EPS for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). Insight Enterprises had a net margin of 1.72% and a return on equity of 19.20%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company earned $2.19 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, equities research analysts predict that Insight Enterprises will post 9.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Insight Enterprises

Large investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new stake in shares of Insight Enterprises during the third quarter worth about $350,000. CANADA LIFE ASSURANCE Co increased its holdings in Insight Enterprises by 8.5% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 31,815 shares of the software maker’s stock valued at $3,580,000 after purchasing an additional 2,502 shares during the period. Voloridge Investment Management LLC raised its position in Insight Enterprises by 432.0% during the 3rd quarter. Voloridge Investment Management LLC now owns 114,099 shares of the software maker’s stock valued at $12,940,000 after purchasing an additional 92,650 shares during the last quarter. Northern Trust Corp raised its position in Insight Enterprises by 4.4% during the 3rd quarter. Northern Trust Corp now owns 445,140 shares of the software maker’s stock valued at $50,483,000 after purchasing an additional 18,667 shares during the last quarter. Finally, Numerai GP LLC purchased a new stake in Insight Enterprises in the 3rd quarter worth approximately $621,000.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.