Sunday, 17 December, 2017

IBM posts first revenue miss in five quarters, shares drop

IBM stock chart view 1 Click to Enlarge
Nellie Chapman | 20 April, 2017, 06:22

Morgan Stanley upped their target price on shares of International Business Machines Corp.to $9.00 in a research note on Thursday, January 12th.

International Business Machines Corporation (NYSE:IBM)'s market cap, the total dollar value of all of their outstanding shares, is 160392.86m.

International Business Machines Corporation (IBM - Free Report) just released its first quarter 2017 financial results, posting earnings of $2.38 per share and revenues $18.16 billion. Now the P/E of International Business Machines Corporation (IBM) stands at 13.66. But the real reason International Business Machines stands out is because it has a proven track record of paying out earnings to shareholders and can be expected to continue paying in the future.

Over the last twelve months International Business Machines's stock price has increased from 139.03 to 161.87, a change of 16.43%.

International Business Machines Corporation (IBM) is now showing its ROA (Return on Assets) of 10.1%.

The number of shares traded in the last trading session was 5.88 Million.

The stock's price switched up -2.43% 20-Days Simple Moving Average, dropped -4.02% from 50-Days Simple Moving Average and rose 4.22% from 200 Days Simple Moving Average. The stock touched its high share price of $182.79 on 02/16/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 06/27/16 as $137.69.

Turning to market valuation, the P/E ratio is 19.03, the P/S ratio is 0.68 and the P/B ratio is finally 1.61. International Business Machines Corp. also was the target of some unusual options trading activity on Tuesday. Stock investors bought 3,300 call options on the company. Evanson Asset Management LLC now owns 5,125 shares of the technology company's stock worth $814,000 after buying an additional 1,050 shares in the last quarter. The company earned $18.16 billion during the quarter, compared to the consensus estimate of $18.37 billion. Over the past month the firm's stock is -3.19%, 2.09% for the last quarter, 11.98% for the past six-months and 15.47% for the previous year. During the same period in the prior year, the company earned $4.84 earnings per share. Over the past 6 months 1 sell-side analysts have lowered their long term earnings per share estimates on the stock.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. Kernodle & Katon Asset Management Group LLC increased its stake in International Business Machines Corp.by 5.2% in the third quarter.

International Business Machines Corporation (IBM) is a technology company.

In other news, insider James J. Kavanaugh sold 559 shares of the stock in a transaction on Tuesday, February 7th. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Following the completion of the transaction, the insider now owns 29,856 shares in the company, valued at approximately $5,323,623.36. The disclosure for this sale can be found here.

IBM's cognitive solutions, which included Watson-related offerings, could manage to post 2.1 percent growth in revenue to $4.1 billion fueled by analytics and security growth. Chesley Taft & Associates LLC now owns 40,653 shares of the technology company's stock worth $6,458,000 after buying an additional 206 shares during the last quarter. International Business Machines had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Capital Analysts LLC now owns 726 shares of the technology company's stock valued at $121,000 after buying an additional 38 shares during the period. $427,761 worth of International Business Machines Corp.