Insight Enterprises (NSIT) Receiving Somewhat Favorable Media Coverage, Accern Reports
News articles about Insight Enterprises (NASDAQ:NSIT) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Insight Enterprises earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 46.3433349708226 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Insight Enterprises (NSIT) traded down 0.18% during midday trading on Wednesday, hitting $39.22. 70,655 shares of the stock were exchanged. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 14.57 and a beta of 1.63. Insight Enterprises has a one year low of $28.15 and a one year high of $53.19. The firm has a 50 day moving average of $41.13 and a 200-day moving average of $42.03.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.19. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Insight Enterprises had a return on equity of 14.93% and a net margin of 1.61%. The business’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Equities analysts expect that Insight Enterprises will post $3.23 EPS for the current year.
Several equities analysts recently weighed in on the stock. B. Riley reiterated a “neutral” rating and issued a $48.00 price target on shares of Insight Enterprises in a report on Sunday, May 7th. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Saturday, May 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target (up previously from $42.00) on shares of Insight Enterprises in a report on Thursday, August 3rd. BidaskClub downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Insight Enterprises in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $50.50.
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In related news, CFO Glynis Bryan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $41.90, for a total value of $209,500.00. Following the sale, the chief financial officer now owns 30,797 shares of the company’s stock, valued at approximately $1,290,394.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.38% of the company’s stock.
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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