Stock of The Day: Will CDI Corp. Run Out of Steam Soon?

Stock of The Day: Will CDI Corp. Run Out of Steam Soon?

The stock of CDI Corp. (NYSE:CDI) hit a new 52-week high and has $8.03 target or 3.00% above today’s $7.80 share price. The 6 months bullish chart indicates low risk for the $148.35M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $8.03 price target is reached, the company will be worth $4.45M 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. The stock last traded at $7.8 per share. It is down 4.11% since April 22, 2016 and is uptrending. It has underperformed by 1.30% the S&P500.

Analysts await CDI Corp. (NYSE:CDI) to report earnings on March, 1. They expect $-0.24 earnings per share, down 300.00% or $0.18 from last year’s $-0.06 per share. After $-0.09 actual earnings per share reported by CDI Corp. for the previous quarter, Wall Street now forecasts 166.67% negative EPS growth.

According to Zacks Investment Research, “CDI CORP. has three business segments: Technical Services, Temporary Services and Managment Recruiters. Technical Services segment offers four types of technical personnel services: technical staffing, managed staffing, managed technical outsourcing and consulting. Managment Recruiters segment primarily recruits management, technical, sales and clerical personnel for permanent employment positions. Temporary Services segment provides clerical, secretarial, office support, new product demonstration and survey and some semi-skilled light industrial personnel.”

Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.01, from 0.67 in 2016Q1. The ratio dived, as 11 funds sold all CDI Corp. shares owned while 32 reduced positions. 10 funds bought stakes while 19 increased positions. They now own 7.25 million shares or 15.53% less from 8.58 million shares in 2016Q1.
Prudential Inc accumulated 0% or 38,840 shares. D E Shaw Co Inc accumulated 124,230 shares or 0% of the stock. Teachers Retirement Systems Of The State Of Kentucky owns 5,800 shares or 0% of their US portfolio. Tower Rech Cap Ltd Liability Company (Trc) has 3,266 shares for 0% of their US portfolio. Morgan Stanley last reported 75,860 shares in the company. Los Angeles Mgmt & Equity Research owns 16,443 shares or 0% of their US portfolio. Moreover, Nationwide Fund Advsr has 0% invested in CDI Corp. (NYSE:CDI) for 45,416 shares. Ancora Advsr Limited Liability Corporation accumulated 110,700 shares or 0.08% of the stock. Vanguard, a Pennsylvania-based fund reported 758,253 shares. Boston Prns holds 298,739 shares or 0% of its portfolio. Ameriprise Fincl Incorporated accumulated 77,296 shares or 0% of the stock. Credit Suisse Ag accumulated 0% or 48,863 shares. Invesco owns 80,520 shares or 0% of their US portfolio. Gsa Capital Prtnrs Ltd Liability Partnership last reported 17,120 shares in the company. Dimensional Fund Advsr L P accumulated 1.38 million shares or 0% of the stock.

Insider Transactions: Since September 27, 2016, the stock had 1 insider buy, and 0 selling transactions for $43,200 net activity. SMITH ALBERT E also bought $43,200 worth of CDI Corp. (NYSE:CDI) on Tuesday, September 27.

More notable recent CDI Corp. (NYSE:CDI) news were published by: Prnewswire.com which released: “CDI Corp. Reports Third Quarter 2016 Results” on November 02, 2016, also Prnewswire.com with their article: “CDI Corp. Reports Second Quarter 2016 Results” published on August 03, 2016, Prnewswire.com published: “CDI Corp. Announces $20 Million Share Repurchase Program; Eliminates Cash Dividend” on January 25, 2016. More interesting news about CDI Corp. (NYSE:CDI) were released by: Philly.com and their article: “CEO of engineering staffing company CDI resigns” published on September 16, 2016 as well as Prnewswire.com‘s news article titled: “CDI Corp. Announces Formation of Congruent Talent, a Minority-Owned …” with publication date: August 06, 2015.

CDI Company Profile

CDI Corp., incorporated on July 30, 1985, provides engineering, information technology and staffing solutions. The Company’s divisions include Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). The Firm also provides staffing services through its global MRINetwork of franchisees. The Company’s clients consist of multi-national, national and regional companies, and the United States Federal, state and local Governments. The Firm provides its services to clients in the oil, gas and chemicals, aerospace and industrial equipment, and information technology. The Firm also does business in other industries, including the infrastructure, the United States defense and transportation industries. The Firm serves clients through offices and delivery centers in the United States, Canada and the United Kingdom.

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