Insight Enterprises, Inc. (NSIT) Bolsters Credit Line to $2 Billion & Approves $299 Buyback Program

Group 1 - Insight Enterprises Inc. has amended its asset-based lending credit agreement, increasing its credit facility from $1.8 billion to $2 billion, with $1.65 billion available to US borrowers and $350 million available in multiple currencies [2][3] - The maturity of the credit facility has been extended to December 19, 2030, providing the company with enhanced financial flexibility to finance operations and support international growth [2][3] - The company's board has approved a $299 million stock repurchase program, which includes $149 million carried over from the prior authorization [3] Group 2 - Cannaccord analyst Luke Morrison initiated coverage of Insight Enterprises with a Hold rating and a price target of $100, while the average price target from three Wall Street analysts is $103.33, indicating a potential upside of 29.53% from current levels [4] - Insight Enterprises is recognized as a global IT solutions provider, offering services such as cloud, data/AI, cybersecurity, and managed IT to help businesses with digital transformation [5]