Insight Enterprises (NASDAQ:NSIT) Price Target Cut to $164.00 by Analysts at Barrington Research

Insight Enterprises (NASDAQ:NSIT - Free Report) had its price target decreased by Barrington Research from $205.00 to $164.00 in a research report report published on Friday morning,Benzinga reports. Barrington Research currently has an outperform rating on the software maker's stock.

Insight Enterprises Stock Performance

Shares of NSIT stock traded up $7.31 during trading on Friday, reaching $135.42. The company had a trading volume of 112,906 shares, compared to its average volume of 304,275. The firm's 50 day simple moving average is $156.51 and its two-hundred day simple moving average is $169.71. Insight Enterprises has a one year low of $124.32 and a one year high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market capitalization of $4.30 billion, a PE ratio of 21.00, a PEG ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period last year, the business earned $2.98 EPS. Sell-side analysts forecast that Insight Enterprises will post 9.89 earnings per share for the current year.

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Hedge Funds Weigh In On Insight Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after purchasing an additional 225,283 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Insight Enterprises by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after buying an additional 2,944 shares in the last quarter. Geode Capital Management LLC boosted its stake in Insight Enterprises by 1.7% during the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock worth $142,073,000 after buying an additional 10,711 shares in the last quarter. Northern Trust Corp increased its holdings in Insight Enterprises by 16.5% in the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after buying an additional 63,200 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Insight Enterprises in the 4th quarter valued at $57,380,000.

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.