Michael Kors Holdings Limited (KORS) Forms $66.16 Double Top; VERTICAL COMPUTER SYSTEMS (VCSY) Shorts Raised By 3.64%

Vertical Computer Systems Inc. (OTCMKTS:VCSY) Logo

Michael Kors Holdings Limited (KORS) formed double top with $72.11 target or 9.00% above today’s $66.16 share price. Michael Kors Holdings Limited (KORS) has $10.07 billion valuation. The stock decreased 1.37% or $0.92 during the last trading session, reaching $66.16. About 1.82M shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 62.72% since May 23, 2017 and is uptrending. It has outperformed by 51.17% the S&P500.

VERTICAL COMPUTER SYSTEMS INC (OTCMKTS:VCSY) had an increase of 3.64% in short interest. VCSY’s SI was 48,400 shares in May as released by FINRA. Its up 3.64% from 46,700 shares previously. With 201,200 avg volume, 0 days are for VERTICAL COMPUTER SYSTEMS INC (OTCMKTS:VCSY)’s short sellers to cover VCSY’s short positions. The stock decreased 9.68% or $0.0018 during the last trading session, reaching $0.0168. About shares traded. Vertical Computer Systems Inc. (OTCMKTS:VCSY) has 0.00% since May 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.50, from 0.94 in 2017Q3. It is positive, as 36 investors sold Michael Kors Holdings Limited shares while 112 reduced holdings. 103 funds opened positions while 110 raised stakes. 120.12 million shares or 5.14% less from 126.63 million shares in 2017Q3 were reported. 173,916 were accumulated by Commerzbank Aktiengesellschaft Fi. Virginia Retirement Et Al holds 0.24% or 317,900 shares. Pub Sector Pension Investment Board has 0.01% invested in Michael Kors Holdings Limited (NYSE:KORS) for 17,792 shares. Bankshares Of Montreal Can, Ontario – Canada-based fund reported 1.12 million shares. Kentucky Retirement Systems Insurance Trust Fund has 4,039 shares. Bridgewater Associate Limited Partnership, Connecticut-based fund reported 109,951 shares. Contrarius Mngmt Ltd has invested 0.29% in Michael Kors Holdings Limited (NYSE:KORS). Ameritas Invest has 0.01% invested in Michael Kors Holdings Limited (NYSE:KORS). Verition Fund Ltd Liability Com, Connecticut-based fund reported 8,817 shares. Moreover, First Allied Advisory Service has 0.02% invested in Michael Kors Holdings Limited (NYSE:KORS) for 7,721 shares. Ww Asset Mgmt Inc reported 0.03% stake. Gargoyle Invest Advisor Limited Company holds 0.42% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 16,638 shares. Glg Prns Limited Partnership reported 0.31% stake. Peddock Limited reported 7,975 shares or 0.25% of all its holdings. Ny State Common Retirement Fund holds 411,766 shares or 0.03% of its portfolio.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on May, 30 before the open. They expect $0.59 earnings per share, down 19.18% or $0.14 from last year’s $0.73 per share. KORS’s profit will be $89.78 million for 28.03 P/E if the $0.59 EPS becomes a reality. After $1.77 actual earnings per share reported by Michael Kors Holdings Limited for the previous quarter, Wall Street now forecasts -66.67% negative EPS growth.

Among 35 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 13 have Buy rating, 2 Sell and 20 Hold. Therefore 37% are positive. Michael Kors Holdings Ltd had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Buy” rating by Jefferies on Monday, July 3. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Hold” rating by Deutsche Bank on Friday, June 16. Jefferies maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Tuesday, August 8. Jefferies has “Buy” rating and $6000 target. The company was maintained on Thursday, August 11 by Wedbush. The rating was maintained by Bank of America on Thursday, February 8 with “Neutral”. The stock has “Buy” rating by Needham on Thursday, February 8. The rating was maintained by Cowen & Co with “Hold” on Thursday, September 28. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, November 7. The firm has “Buy” rating given on Friday, August 7 by BB&T Capital. Canaccord Genuity upgraded the stock to “Buy” rating in Wednesday, September 27 report.

Since February 13, 2018, it had 0 buys, and 6 selling transactions for $44.48 million activity. Another trade for 150,000 shares valued at $9.43M was sold by IDOL JOHN D. Another trade for 6,500 shares valued at $406,065 was made by Reitman Stephen F on Tuesday, February 13. Shares for $15.12 million were sold by Kors Michael David on Friday, March 2. $255,752 worth of Michael Kors Holdings Limited (NYSE:KORS) was sold by Benedetto M William on Friday, February 16.

Vertical Computer Systems Inc., together with its subsidiaries, provides application software, cloud and software services, Internet core technologies, and intellectual property assets primarily in the United States, Canada, and Brazil. The company has market cap of $19.29 million. The firm offers emPath, a Web software to handle payroll and human resources; PTS, a time and attendance software; SnAPPnet, a physician credentialing application; and SiteFlash platform, which publishes content on the Web for enabling the user to build and operate Websites with the ability to separate form, function, and content. It currently has negative earnings. It also provides Emily XML scripting language, a markup language executive that is used to create web applications, which communicate through XML and HTTP; and Ploinks, a personal secure communication channel.

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