Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Insight Enterprises (NSIT) Stock Price
Media coverage about Insight Enterprises (NASDAQ:NSIT) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Insight Enterprises earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 46.1089009801948 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Insight Enterprises, Inc. (NSIT) Expected to Announce Earnings of $0.70 Per Share (americanbankingnews.com)
- Glynis Bryan Sells 5,000 Shares of Insight Enterprises, Inc. (NSIT) Stock (americanbankingnews.com)
- Insight Enterprises, Inc. breached its 50 day moving average in a Bearish Manner : NSIT-US : August 14, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Insight Enterprises Inc. (finance.yahoo.com)
A number of research firms have commented on NSIT. B. Riley reissued a “neutral” rating and set a $48.00 target price on shares of Insight Enterprises in a research report on Sunday, August 6th. BidaskClub downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 target price (up previously from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Saturday, August 5th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Insight Enterprises in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Insight Enterprises currently has an average rating of “Hold” and an average target price of $50.50.
Insight Enterprises (NSIT) traded down 2.13% on Friday, reaching $39.02. 118,033 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $41.43 and a 200-day moving average of $41.98. Insight Enterprises has a one year low of $28.15 and a one year high of $53.19. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 14.49 and a beta of 1.63.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.19. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities research analysts forecast that Insight Enterprises will post $3.23 EPS for the current fiscal year.
In related news, CFO Glynis Bryan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $41.90, for a total transaction of $209,500.00. Following the sale, the chief financial officer now directly owns 30,797 shares in the company, valued at $1,290,394.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.23% of the stock is currently owned by corporate insiders.
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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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