Last Updated: 13 Nov 2024
Executive Summary
Insight Enterprises Inc. (NSIT) is a leading provider of hardware, software, and information technology services solutions. The company has a strong financial position with a market capitalization of $5.32 billion and an EBITDA of $538.1 million. NSIT's trailing P/E ratio of 21.06 is in line with industry peers, and its forward P/E ratio of 15.38 indicates potential for growth. The company's stock price of $161.4 is currently below its 52-week high of $228.07, providing a potential buying opportunity.
Company Overview
Insight Enterprises Inc. is headquartered in Tempe, Arizona, and provides IT solutions to businesses across the globe. The company's offerings include hardware, software, cloud services, and managed services. NSIT has a strong customer base, including Fortune 500 companies and government agencies.
Fundamental Analysis
NSIT's financial performance has been solid in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 6.5% over the past five years, and its earnings per share (EPS) have grown at a CAGR of 10.2%. NSIT's profit margin is 3.42%, and its operating margin is 4.83%. The company's return on assets (ROA) is 4.53%, and its return on equity (ROE) is 17.9%.
Technical Analysis
NSIT's stock price has been trending sideways in recent months, with support at $160 and resistance at $165. The stock's 50-day moving average is $206.54, and its 200-day moving average is $197.81. The relative strength index (RSI) is currently at 50, indicating that the stock is neither overbought nor oversold.
Short Term Outlook
In the short term, NSIT's stock price is likely to continue to trade sideways. The company's earnings are expected to remain stable, and the overall market environment is uncertain. However, if the stock price breaks above resistance at $165, it could rally to its 52-week high of $228.07.
Long Term Outlook
In the long term, NSIT's stock price is expected to rise as the company continues to grow its revenue and earnings. The company's strong customer base and its focus on providing innovative IT solutions position it well for future growth.
Analyst Recommendations
Analysts are generally bullish on NSIT's stock. One analyst has a "Strong Buy" rating on the stock, four analysts have a "Hold" rating, and no analysts have a "Sell" rating. The average analyst target price is $201.75, which represents a potential upside of 25% from the current stock price.
