Insight Enterprises (NASDAQ:NSIT) Upgraded 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 research report issued on Saturday.

NSIT has been the subject of several other research reports. Canaccord Genuity Group started coverage on Insight Enterprises in a research note on Wednesday, November 19th. They set a “hold” rating and a $100.00 price target for the company. Weiss Ratings lowered Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $90.00 target price (down previously from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Finally, Barrington Research reiterated an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a report on Monday, January 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $103.33.

Insight Enterprises Stock Performance

NSIT stock opened at $85.78 on Friday. The firm has a 50 day moving average of $85.75 and a two-hundred day moving average of $111.45. Insight Enterprises has a 12 month low of $77.10 and a 12 month high of $181.92. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 0.42 and a beta of 0.93. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.88.

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

Institutional Trading of Insight Enterprises

A number of hedge funds have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Insight Enterprises during the 3rd quarter worth about $48,000. MTM Investment Management LLC bought a new stake in shares of Insight Enterprises in the second quarter valued at about $55,000. Covestor Ltd grew its position in Insight Enterprises by 24.3% during the third quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after buying an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock valued at $107,000 after acquiring an additional 160 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Insight Enterprises in the 3rd quarter valued at approximately $116,000.

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.