Key Points
- Insight Enterprises CFO James Morgado bought 2,290 shares on May 11 at an average price of $87.25, totaling about $199,800. After the purchase, he owned 17,246 shares, a 15.31% increase in his stake.
- The company beat quarterly earnings expectations, reporting $2.88 EPS versus the $2.45 consensus, while revenue came in at $2.13 billion, slightly above estimates.
- Analysts are mixed on NSIT: the stock currently has an average Hold rating with a $93.75 price target, though some firms recently upgraded the shares and set targets as high as $120.
Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) CFO James Morgado acquired 2,290 shares of Insight Enterprises stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the acquisition, the chief financial officer directly owned 17,246 shares in the company, valued at $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Insight Enterprises Price Performance
Shares of NSIT stock opened at $87.32 on Thursday. Insight Enterprises, Inc. has a twelve month low of $63.62 and a twelve month high of $148.58. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 0.77 and a beta of 0.96. The stock has a fifty day simple moving average of $75.16 and a two-hundred day simple moving average of $82.42. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.12 billion. During the same period in the prior year, the business earned $2.06 EPS. The business's revenue for the quarter was up 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, analysts predict that Insight Enterprises, Inc. will post 11.34 EPS for the current fiscal year.
Hedge Funds Weigh In On Insight Enterprises
Several institutional investors have recently bought and sold shares of NSIT. Principal Financial Group Inc. boosted its stake in Insight Enterprises by 11.5% in the third quarter. Principal Financial Group Inc. now owns 151,848 shares of the software maker's stock valued at $17,221,000 after acquiring an additional 15,655 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Insight Enterprises by 4.6% during the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker's stock worth $463,965,000 after buying an additional 179,599 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Insight Enterprises by 64.2% during the third quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker's stock worth $22,336,000 after buying an additional 76,992 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of Insight Enterprises by 14.2% during the third quarter. Kennedy Capital Management LLC now owns 177,075 shares of the software maker's stock worth $20,082,000 after buying an additional 22,072 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Insight Enterprises by 31.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker's stock worth $21,033,000 after buying an additional 59,987 shares during the period.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Insight Enterprises from a "hold" rating to a "buy" rating in a report on Sunday. Raymond James Financial raised shares of Insight Enterprises from a "market perform" rating to an "outperform" rating and set a $100.00 price objective on the stock in a report on Thursday, May 7th. Barrington Research reissued an "outperform" rating and set a $120.00 price objective on shares of Insight Enterprises in a report on Friday, February 6th. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Insight Enterprises in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $93.75.
Check Out Our Latest Stock Report on Insight Enterprises
Insight Enterprises Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
