The stock of Intralinks Holdings Inc (NYSE:IL) hit a new 52-week high and has $12.31 target or 5.00% above today’s $11.72 share price. The 8 months bullish chart indicates low risk for the $688.66 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $12.31 price target is reached, the company will be worth $34.43 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 38,466 shares traded hands. Intralinks Holdings Inc (NYSE:IL) has risen 32.50% since April 21, 2016 and is uptrending. It has outperformed by 27.17% the S&P500.
Analysts await Intralinks Holdings Inc (NYSE:IL) to report earnings on February, 22. They expect $0.05 earnings per share, up 350.00% or $0.07 from last year’s $-0.02 per share. IL’s profit will be $2.94M for 58.60 P/E if the $0.05 EPS becomes a reality. After $0.04 actual earnings per share reported by Intralinks Holdings Inc for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
Intralinks Holdings Inc (NYSE:IL) Ratings Coverage
Out of 2 analysts covering IntraLinks Holdings (NYSE:IL), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. IntraLinks Holdings has been the topic of 3 analyst reports since May 4, 2016 according to StockzIntelligence Inc. Craig Hallum downgraded the stock to “Hold” rating in Wednesday, May 4 report. The rating was upgraded by Craig Hallum on Thursday, August 4 to “Buy”. On Thursday, September 22 the stock rating was initiated by JMP Securities with “Mkt Perform”.
According to Zacks Investment Research, “IntraLinks Holdings, Inc. is a global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. The Company’s cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall, all within a secure and easy-to-use environment, eliminating the inherent risks and inefficiencies of using email, fax, courier services and other existing solutions to collaborate and exchange information. Its solutions are used by professionals from organizations in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies. The Company claims to transform slow, expensive, information-intensive tasks into streamlined, efficient, real-time business processes through its solutions. IntraLinks Holdings, Inc. is based in New York, New York.”
Insitutional Activity: The institutional sentiment increased to 1.78 in 2016 Q2. Its up 0.15, from 1.63 in 2016Q1. The ratio is positive, as 11 funds sold all Intralinks Holdings Inc shares owned while 27 reduced positions. 20 funds bought stakes while 42 increased positions. They now own 49.03 million shares or 4.20% less from 51.17 million shares in 2016Q1.
Symphony Asset Management Ltd Com reported 11,777 shares or 0.01% of all its holdings. Fmr Ltd Liability Company last reported 0% of its portfolio in the stock. Deere & Co owns 15,968 shares or 0.01% of their US portfolio. Bnp Paribas Arbitrage owns 1,610 shares or 0% of their US portfolio. Alliancebernstein L P holds 0% or 25,100 shares in its portfolio. Parametric Portfolio Assoc last reported 185,010 shares in the company. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Intralinks Holdings Inc (NYSE:IL) for 1,126 shares. Metropolitan Life Ny holds 0% of its portfolio in Intralinks Holdings Inc (NYSE:IL) for 30,158 shares. Rho Ptnrs Inc owns 6.29 million shares or 32.71% of their US portfolio. Peak6 Invests Lp has 15,655 shares for 0% of their US portfolio. Paloma Partners Mngmt last reported 0% of its portfolio in the stock. Millennium Management Ltd Liability Co accumulated 0.01% or 425,879 shares. First Limited Partnership, a Illinois-based fund reported 41,007 shares. Jpmorgan Chase & Company accumulated 0% or 17,846 shares. Cubist Systematic Strategies Limited Liability has 40,453 shares for 0.02% of their US portfolio.
Another recent and important Intralinks Holdings Inc (NYSE:IL) news was published by Businesswire.com which published an article titled: “2016 Likely to Be Record Year for M&A Announcements” on November 17, 2016.
IL Company Profile
Intralinks Holdings, Inc. (Intralinks), incorporated on April 5, 2007, is a technology well-known provider of software-as-a-service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud solutions enable organizations to manage, control, track, search, exchange and collaborate on sensitive information inside and outside the firewall. The Company’s solutions enables its clients to manage electronic information, accelerate information-intensive business processes, reduce time to market, optimize critical information workflows, meet regulatory and risk management requirements, and collaborate with business counterparties in a secure, auditable and compliant manner. The Firm delivers its solutions through a cloud model, making them available on-demand over the Internet using a multi-tenant SaaS architecture. The Firm serves enterprises and governmental agencies across a range of industries, including financial services, pharmaceutical, manufacturing, biotechnology, consumer, energy, telecommunications, industrial, legal, professional services, insurance and technology.
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