Wall Street Zen Downgrades Insight Enterprises (NASDAQ:NSIT) to Hold

Insight Enterprises (NASDAQ:NSIT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Canaccord Genuity Group set a $90.00 price objective on shares of Insight Enterprises in a research report on Friday, February 6th. Weiss Ratings lowered Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Barrington Research reaffirmed an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $100.00.

Insight Enterprises Stock Down 6.0%

Shares of NSIT opened at $65.82 on Friday. The company has a market cap of $2.03 billion, a PE ratio of 13.24, a P/E/G ratio of 0.72 and a beta of 0.92. The business has a fifty day moving average of $81.68 and a 200 day moving average of $91.54. Insight Enterprises has a 52-week low of $64.06 and a 52-week high of $153.52. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.83.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Insight Enterprises had a net margin of 1.91% and a return on equity of 19.61%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business posted $2.66 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, sell-side analysts expect that Insight Enterprises will post 9.89 EPS for the current year.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSIT. Vanguard Group Inc. grew its stake in Insight Enterprises by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock worth $463,965,000 after acquiring an additional 179,599 shares in the last quarter. Morgan Stanley increased its position in shares of Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after acquiring an additional 362,258 shares during the period. State Street Corp raised its stake in shares of Insight Enterprises by 3.2% during the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock valued at $96,396,000 after acquiring an additional 36,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $73,847,000 after purchasing an additional 94,877 shares during the period. Finally, Paradigm Capital Management Inc. NY boosted its holdings in shares of Insight Enterprises by 35.9% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock valued at $66,053,000 after purchasing an additional 214,064 shares during the period.

Insight Enterprises Company Profile

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.