Insight Enterprises (NSIT) is Upgraded by Raymond James to Mkt Perform

Insight Enterprises (NSIT) was Upgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 4, 2016.

On the company’s financial health, Insight Enterprises reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.75. The company had revenue of $1456.20 million for the quarter, compared to analysts expectations of $1418.36 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Insight Enterprises closed down -0.54 points or -2.00% at $26.4 with 1,48,932 shares getting traded on Tusday. Post opening the session at $26.89, the shares hit an intraday low of $26.37 and an intraday high of $27.47 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 2, 2016, Steven W. Dodenhoff (President, US) sold 7,000 shares at $26.97 per share price. According to the SEC, on May 25, 2016, Glynis Bryan (CFO) sold 10,000 shares at $26.50 per share price. On May 20, 2016, Anthony Ibarguen (director) sold 4,000 shares at $25.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Insight Enterprises Inc. is a technology provider of integrated solutions to business and government clients. The Company assesses designs deploys and manages information technology (IT) solutions. The Company operates in three segments: North America EMEA and APAC. Its offerings in North America and select countries in Europe Middle East and Africa (EMEA) include a suite of IT hardware software and service solutions. Its offerings in the remainder of its EMEA segment and in APAC are software and select software-related services. It has locations in around 22 countries and has operations in around 200 countries. It offers consulting technical and managed services in the United States and the United Kingdom. It delivers these services through three service groups: consulting services technical services and managed services. In addition the Company serves business and government organizations and healthcare and educational institutions with its Intelligent Technology solutions.

Insight Enterprises

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