News stories about Insight Enterprises (NASDAQ:NSIT) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. 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 daily sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 47.1687383321814 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NASDAQ NSIT traded down $0.92 during trading on Friday, hitting $33.32. The stock had a trading volume of 206,516 shares, compared to its average volume of 213,253. The company has a market cap of $1,227.04, a P/E ratio of 10.28 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.38. Insight Enterprises has a twelve month low of $32.10 and a twelve month high of $53.19.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Wednesday, February 14th. The software maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.71 billion. Insight Enterprises had a return on equity of 14.73% and a net margin of 1.35%. Insight Enterprises’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. analysts anticipate that Insight Enterprises will post 3.96 EPS for the current fiscal year.
Insight Enterprises declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of research analysts have weighed in on NSIT shares. BidaskClub lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, January 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $53.00 target price (down from $56.00) on shares of Insight Enterprises in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $46.00.
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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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