Insight Enterprises (NASDAQ:NSIT) Given New $80.00 Price Target at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT) had its target price trimmed by JPMorgan Chase & Co. from $90.00 to $80.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an underweight rating on the software maker’s stock.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group set a $90.00 price target on Insight Enterprises in a research report on Friday, February 6th. Wall Street Zen raised Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Barrington Research reaffirmed an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insight Enterprises in a research report on Thursday, April 2nd. One research 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. Based on data from MarketBeat, Insight Enterprises has an average rating of “Reduce” and a consensus target price of $96.67.

Insight Enterprises Stock Up 0.5%

Shares of NASDAQ NSIT opened at $75.54 on Thursday. Insight Enterprises has a one year low of $63.62 and a one year high of $148.58. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.22. The business’s fifty day moving average price is $78.22 and its 200-day moving average price is $86.67. The stock has a market capitalization of $2.33 billion, a PE ratio of 15.20, a P/E/G ratio of 0.77 and a beta of 0.96.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm earned $2.66 EPS. The business’s revenue for the quarter 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, equities research analysts anticipate that Insight Enterprises will post 9.89 EPS for the current year.

Institutional Trading of Insight Enterprises

A number of institutional investors have recently added to or reduced their stakes in NSIT. Norges Bank purchased a new stake in Insight Enterprises during the 4th quarter worth about $36,209,000. Morgan Stanley lifted its holdings in Insight Enterprises by 15.6% during the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after purchasing an additional 362,258 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in Insight Enterprises by 35.9% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock worth $66,053,000 after purchasing an additional 214,064 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in Insight Enterprises by 321.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after purchasing an additional 180,860 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Insight Enterprises by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock worth $463,965,000 after purchasing an additional 179,599 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.