Sunday, 17 December, 2017

Traders Buy Shares of International Business Machines Corporation (IBM) on Weakness

Traders Buy Shares of International Business Machines Corporation (IBM) on Weakness Traders Buy Shares of International Business Machines Corporation (IBM) on Weakness
Theresa Hayes | 12 October, 2017, 12:17

After $2.97 actual earnings per share reported by International Business Machines Corp. for the previous quarter, Wall Street now forecasts 10.44% EPS growth. Federated National Holding Co (NASDAQ:FNHC) has declined 27.05% since October 10, 2016 and is downtrending. It has outperformed by 33.74% the S&P500. Edge Wealth Management LLC grew its holdings in shares of International Business Machines Corporation by 5.6% in the 2nd quarter.

International Business Machines Corporation (NYSE:IBM) notched a 0.75% intraday gain moving at $148.5. The stock declined 0.47% or $0.7 reaching $147.8 per share. Another trade for 1,718 shares valued at $263,180 was bought by OWENS JAMES W.

International Business Machines Corporation has a consensus hold rating from 26 Wall Street analysts, and the number of shares now sold short amount to at least 2.25% of shares outstanding. (NYSE:IBM) has risen 4.86% since October 11, 2016 and is uptrending. It has underperformed by 11.84% the S&P500. (NYSE:IBM). Modera Wealth Limited Liability invested 0.36% of its portfolio in International Business Machines Corp. LOGM's profit will be $45.38 million for 34.16 P/E if the $0.86 EPS becomes a reality. Ckw Grp Inc has 0.04% invested in International Business Machines Corp.

A 3 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:CL) or, if they already own its stock, sell it. Its down 0.25, from 0.97 in 2017Q1. It dropped, as 100 investors sold IBM shares while 695 reduced holdings. 91 funds opened positions while 484 raised stakes. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.74 by $0.23. Bankshares Of New York Mellon Corporation reported 577,840 shares. Cls Investments Ltd Liability stated it has 42 shares. 7,419 were reported by Cobblestone Capital Advisors Ltd Company. Shanda Asset Mngmt Ltd holds 0.48% in International Business Machines Corp.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. Mountain Pacific Inv Advisers Inc Id has 0.05% invested in International Business Machines Corp. During the last 52 weeks, the (NYSE:IBM) price has been as high as $182.79 and as low as $139.13. Elm Advsr Limited Company invested in 6,937 shares. Westfield Cap Mgmt Communication Limited Partnership accumulated 2,000 shares.

07/17/2017 - International Business Machines Corporation had its "underperform" rating reiterated by analysts at Credit Suisse. Blackrock reported 909,006 shares. 4,065 are owned by Cramer Rosenthal Mcglynn Lc. Coastline holds 0.42% or 15,013 shares.

Analysts await International Business Machines Corp. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.77 earnings per share for the current year.

Among 29 analysts covering International Business Machines (NYSE:IBM), 8 have Buy rating, 5 Sell and 16 Hold. Therefore 50% are positive. International Business Machines had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 20 by Jefferies. The firm has "Sector Perform" rating given on Thursday, August 24 by RBC Capital Markets. International Business Machines Corp. (NYSE:IBM) rating on Friday, November 20. Wells Fargo maintained it with "Market Perform" rating and $162.50 target in Wednesday, April 26 report. On Friday, July 14 the stock rating was maintained by Drexel Hamilton with "Buy". As per Thursday, January 12, the company rating was maintained by Stifel Nicolaus. The company was maintained on Wednesday, April 19 by RBC Capital Markets. The firm has "Sector Perform" rating by RBC Capital Markets given on Monday, October 5. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover IBM having a buy-equivalent rating.

Since May 16, 2017, it had 1 insider buy, and 0 selling transactions for $263,180 activity.

Riverhead Capital Management Llc decreased Logmein Inc (LOGM) stake by 48.81% reported in 2017Q2 SEC filing. Starwood Ppty Tr Inc (Prn) was reduced too. Williams-Sonoma had 84 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley upgraded it to "Overweight" rating and $140 target in Thursday, February 18 report. The company now has a consensus rating of "Hold" and a consensus target price of $164.54. The firm has "Buy" rating by William Blair given on Tuesday, August 25. The firm earned "Hold" rating on Wednesday, August 12 by Zacks.

Investors sentiment decreased to 1.02 in 2017 Q2. Its up 0.44, from 1.45 in 2017Q1. Hbk Sorce Advisory Llc holds 0.2% or 8,002 shares in its portfolio. 11 funds opened positions while 19 raised stakes. Dodge & Cox invested in 0.01% or 93,937 shares. Teachers Retirement Sys Of The State Of Kentucky holds 94,631 shares or 0.18% of its portfolio. Supplemental Annuity Collective Of Nj reported 7,314 shares. The Illinois-based Vaughan David Invests Inc Il has invested 1.25% in International Business Machines Corp. The correct version of this piece of content can be viewed at (NASDAQ:IMGN). Prentiss Smith And Inc holds 0% or 1,000 shares. Martingale Asset Mgmt Lp, a Massachusetts-based fund reported 65,525 shares. Bnp Paribas Arbitrage invested in 0.02% or 118,671 shares. Kahn Brothers Group De reported 3,323 shares.

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