Share Buyback Program Declared by Insight Enterprises (NSIT) Board

Insight Enterprises (NASDAQ:NSIT) announced that its board has initiated a stock repurchase program, which allows the company to buyback $50.00 million in outstanding shares on Wednesday, February 14th, EventVestor reports. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several equities research analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $56.00 price objective (up from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, January 3rd. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.00.

Shares of Insight Enterprises (NSIT) opened at $35.42 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35. Insight Enterprises has a twelve month low of $32.10 and a twelve month high of $53.19. The stock has a market capitalization of $1,280.29, a P/E ratio of 14.17 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.72 EPS. Insight Enterprises’s revenue for the quarter was up 21.6% compared to the same quarter last year. equities analysts anticipate that Insight Enterprises will post 3.95 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at

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.

Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with's FREE daily email newsletter.

Leave a Reply