Insight Enterprises (NSIT) Receives News Impact Score of 0.09
News articles about Insight Enterprises (NASDAQ:NSIT) have trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Insight Enterprises earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.3881937239912 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Insight Enterprises (NASDAQ:NSIT) traded down 1.01% on Thursday, reaching $44.94. 97,705 shares of the company’s stock traded hands. The stock’s 50 day moving average is $41.20 and its 200 day moving average is $41.76. Insight Enterprises has a 52-week low of $28.15 and a 52-week high of $53.19. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 16.69 and a beta of 1.67.
Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, August 2nd. The software maker reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. On average, equities research analysts predict that Insight Enterprises will post $3.23 EPS for the current fiscal year.
A number of research firms have recently issued reports on NSIT. B. Riley restated a “neutral” rating and set a $48.00 price target on shares of Insight Enterprises in a report on Tuesday, August 1st. BidaskClub lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 price target (up previously from $42.00) on shares of Insight Enterprises in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $50.50.
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In other Insight Enterprises news, CFO Glynis Bryan sold 5,000 shares of the firm’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 approximately $1,290,394.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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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