Somewhat Positive Media Coverage Unlikely to Affect Insight Enterprises (NSIT) Stock Price
Media coverage about Insight Enterprises (NASDAQ:NSIT) has been trending somewhat positive on Friday, Alpha One Sentiment reports. The research firm, a unit of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Insight Enterprises earned a news sentiment score of 0.22 on Alpha One’s scale. Alpha One also gave media stories about the software maker an impact score of 37 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts have recently weighed in on NSIT shares. Zacks Investment Research downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. B. Riley restated a “neutral” rating and set a $44.00 price target on shares of Insight Enterprises in a report on Wednesday, April 12th. Stifel Nicolaus raised their price target on shares of Insight Enterprises from $36.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, May 4th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Insight Enterprises in a report on Thursday, May 4th.
Insight Enterprises (NASDAQ:NSIT) traded down 1.58% on Friday, reaching $41.64. 338,388 shares of the company were exchanged. Insight Enterprises has a 12-month low of $24.23 and a 12-month high of $53.19. The stock has a 50 day moving average of $42.96 and a 200 day moving average of $41.12. The firm 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 quarterly earnings data on Wednesday, May 3rd. The software maker reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.27. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Insight Enterprises had a net margin of 1.58% and a return on equity of 14.68%. The company’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Equities analysts anticipate that Insight Enterprises will post $3.08 EPS for the current year.
In other news, CFO Glynis Bryan sold 3,946 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $42.00, for a total value of $165,732.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.23% of the stock is owned by corporate insiders.
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Insight Enterprises Company Profile
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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