Insight Enterprises (NASDAQ:NSIT) Earning Somewhat Favorable Media Coverage, Report Shows

News articles about Insight Enterprises (NASDAQ:NSIT) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Insight Enterprises earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 47.3863424008939 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, February 20th. BidaskClub lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. B. Riley reiterated a “buy” rating and issued a $53.00 price target (down previously from $56.00) on shares of Insight Enterprises in a research report on Tuesday, February 13th. Finally, ValuEngine lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Insight Enterprises currently has an average rating of “Hold” and a consensus price target of $46.00.

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Shares of Insight Enterprises stock traded up $0.10 during trading on Wednesday, hitting $34.50. The company had a trading volume of 279,371 shares, compared to its average volume of 205,821. Insight Enterprises has a 52 week low of $32.10 and a 52 week high of $53.19. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.35. The company has a market cap of $1,246.39, a price-to-earnings ratio of 13.80 and a beta of 1.41.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, February 14th. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Insight Enterprises had a return on equity of 14.73% and a net margin of 1.35%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. analysts predict that Insight Enterprises will post 3.96 earnings per share for the current fiscal year.

Insight Enterprises announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 14th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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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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