Barrington Research Cuts Insight Enterprises (NASDAQ:NSIT) Price Target to $164.00

Insight Enterprises (NASDAQ:NSIT) had its price target cut by Barrington Research from $205.00 to $164.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $132.04 on Friday. The firm has a fifty day simple moving average of $159.06 and a two-hundred day simple moving average of $171.18. Insight Enterprises has a 52 week low of $128.01 and a 52 week high of $228.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.20 billion, a P/E ratio of 20.25, a PEG ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same period last year, the company earned $2.98 earnings per share. On average, analysts expect that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

A number of large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $32,000. R Squared Ltd purchased a new position in Insight Enterprises during the 4th quarter valued at $33,000. J.Safra Asset Management Corp grew its position in Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after acquiring an additional 71 shares during the last quarter. NewEdge Advisors LLC increased its stake in Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock worth $39,000 after purchasing an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after purchasing an additional 374 shares during the last quarter.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.