Insight Enterprises (NSIT) Earns News Impact Score of -0.11
Media headlines about Insight Enterprises (NASDAQ:NSIT) have trended somewhat negative on Sunday, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Insight Enterprises earned a daily sentiment score of -0.11 on Alpha One’s scale. Alpha One also assigned news stories about the software maker an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected AlphaOne Sentiment’s scoring:
- Insight Enterprises, Inc. (NSIT) Cut to “Hold” at BidaskClub (americanbankingnews.com)
- Insight Enterprises, Inc. breached its 50 day moving average in a Bearish Manner : NSIT-US : June 16, 2017 (finance.yahoo.com)
- $1.68 Billion in Sales Expected for Insight Enterprises, Inc. (NSIT) This Quarter (americanbankingnews.com)
- Brokerages Anticipate Insight Enterprises, Inc. (NSIT) to Announce $0.95 Earnings Per Share (americanbankingnews.com)
Shares of Insight Enterprises (NASDAQ NSIT) traded down 1.58% on Friday, reaching $41.64. 338,388 shares of the company’s stock traded hands. Insight Enterprises has a 52 week low of $24.23 and a 52 week high of $53.19. The company has a 50 day moving average of $42.96 and a 200-day moving average of $41.12. The stock has a market capitalization of $1.49 billion, a PE ratio of 16.43 and a beta of 1.67.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, May 3rd. The software maker reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.27. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Insight Enterprises had a net margin of 1.58% and a return on equity of 14.68%. The firm’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. Equities research analysts forecast that Insight Enterprises will post $3.08 earnings per share for the current year.
NSIT has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Insight Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Insight Enterprises in a research note on Thursday, May 4th. Stifel Nicolaus lifted their price target on shares of Insight Enterprises from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday, May 4th. BidaskClub lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, B. Riley reiterated a “neutral” rating and set a $48.00 price target on shares of Insight Enterprises in a research note on Sunday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $47.67.
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In other Insight Enterprises news, CFO Glynis Bryan sold 3,946 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $42.00, for a total transaction of $165,732.00. Following the sale, the chief financial officer now directly owns 39,643 shares of the company’s stock, valued at $1,665,006. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.23% of the stock is currently owned by corporate insiders.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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