Insight Enterprises (NSIT) Receiving Somewhat Favorable Press Coverage, Report Finds

Media coverage about Insight Enterprises (NASDAQ:NSIT) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 0.02 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 25 out of 100, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s rankings:

A number of equities analysts have issued reports on the company. B. Riley reaffirmed a “neutral” rating and issued a $48.00 target price on shares of Insight Enterprises in a research report on Sunday, May 7th. BidaskClub downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research downgraded Insight Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, March 30th. Finally, Stifel Nicolaus boosted their price target on Insight Enterprises from $36.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.67.

Shares of Insight Enterprises (NSIT) traded down 0.48% during midday trading on Monday, hitting $41.54. The stock had a trading volume of 33,811 shares. The firm has a 50-day moving average of $42.94 and a 200 day moving average of $41.32. Insight Enterprises has a 12-month low of $24.23 and a 12-month high of $53.19. The firm has a market cap of $1.49 billion, a PE ratio of 16.39 and a beta of 1.67.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Wednesday, May 3rd. The software maker reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.27. Insight Enterprises had a return on equity of 14.68% and a net margin of 1.58%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company earned $0.21 EPS. The company’s quarterly revenue was up 26.4% on a year-over-year basis. On average, analysts expect that Insight Enterprises will post $3.08 earnings per share for the current year.

In other Insight Enterprises news, CFO Glynis Bryan sold 3,946 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $42.00, for a total value of $165,732.00. Following the completion of the sale, the chief financial officer now owns 39,643 shares in the company, valued at approximately $1,665,006. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.23% of the stock is currently owned by company 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.

Insider Buying and Selling by Quarter for Insight Enterprises (NASDAQ:NSIT)

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