Consensus Analyst Forecast Review: International Business Machines Corporation's (IBM)
- Author: Rita Burton Apr 19, 2018,
Apr 19, 2018, 1:46
About 10.21M shares traded or 92.75% up from the average. Torray Lc stated it has 1.55% of its portfolio in International Business Machines Corporation (NYSE:IBM). The stock price dipped -7.70% in three months and plunged -1.68% for the last six months trading period. His conglomerate, Berkshire Hathaway Inc., cut its stake by 94 percent during the fourth quarter, acknowledging Buffett's valuation had been flawed.
International Business Machines Corp. reported first-quarter sales of $19.1 billion, beating the average analyst estimate of $18.8 billion. The stock underperformed the S&P 500 by 24.13%.
Fj Capital Management Llc decreased Old Natl Bancorp Ind (ONB) stake by 63.73% reported in 2017Q4 SEC filing. Rockshelter Capital Management Llc bought 47,850 shares as the company's stock declined 5.16% with the market.
Itau Unibanco Holding S.A. increased its position in shares of IBM (NYSE:IBM) by 168.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). It closed at $16.9 lastly. Nordic American Tankers Limited (NYSE:NAT) has declined 75.38% since April 18, 2017 and is downtrending. It has underperformed by 16.67% the S&P500. ADBE's profit will be $615.59M for 46.23 P/E if the $1.25 EPS becomes a reality.
During Q4 2017 the big money sentiment increased to 1.03. The ratio improved due to IBM positioning: 54 sold and 604 reduced. 519 rose stakes while 156 funds took stakes. Smith Salley & Assoc invested in 0.43% or 15,506 shares. Tower Bridge Advsrs reported 0.87% stake. Mirador Cap Prns Lp accumulated 2,991 shares. Ledyard Bankshares holds 0.97% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 52,204 shares.More news: Kentucky governor under fire for comments on teachers
"It's a battle on market share, but we feel comfortable we have new offerings coming later in the year and we've already taken significant actions on routes to market", he said.
IBM's stated GAAP and operating (non-GAAP) tax rates for the first quarter comprise a $0.8 billion discrete tax benefit. It turned negative, as 153 investors sold General Electric Company shares while 921 reduced holdings. 106,109 were accumulated by State Of Tennessee Treasury Department. The Florida-based Raymond James Ser Advisors Inc has invested 0.15% in International Business Machines Corporation (NYSE:IBM). Cohen Klingenstein Limited Liability Company holds 0.82% or 37,725 shares. Moreover, Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma has 0.04% invested in International Business Machines Corporation (NYSE:IBM) for 15,547 shares. Parnassus Investments CA lifted its holdings in shares of IBM by 1.6% in the 3rd quarter. Washington Trust Co owns 0.35% invested in International Business Machines Corporation (NYSE:IBM) for 40,889 shares. Analysts were expecting $2.42 a share on average, according to data compiled by Bloomberg. Northstar Group reported 4,051 shs. The stock presently has an average rating of "Hold" and a consensus price target of $166.01. In Friday, March 9 report Morgan Stanley maintained the stock with "Buy" rating. The rating was maintained by Wood on Tuesday, August 2 with "Market Perform". The firm earned "Buy" rating on Friday, October 9 by Drexel Hamilton. The firm has "Hold" rating given on Tuesday, October 20 by Deutsche Bank. RBC Capital Markets has "Buy" rating and $180.0 target.
Since January 31, 2018, it had 1 buying transaction, and 2 insider sales for $2.69 million activity. Also, insider Erich Clementi sold 13,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. Gherson Diane J sold 5,000 shares worth $780,000. On Wednesday, January 31 WADDELL FREDERICK H had bought 610 shs worth $99,659. Out of 7 Wall Street analysts rating Adobe Systems, 5 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Therefore 39% are positive. This continues to be an interesting story, and we look forward to updating it again soon on International Business Machines Corporation. Goldman Sachs maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, July 19 with "Neutral" rating.
Growth in cognitive computing came mainly from the company's industry platforms, security products and analytics. The company reported first-quarter net income of $1.68 billion, or $1.82 a share, compared with $1.75 billion, or $1.86 a share, in the year-ago period. On Sunday, November 26 BMO Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating. International Business Machs has $148.23 billion market cap. Glovista Invests Ltd has invested 0.05% in International Business Machines Corporation (NYSE:IBM). BMO Capital Markets has "Hold" rating and $175.0 target. (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 19th. The company was initiated on Wednesday, January 11 by Wells Fargo. In Wednesday, January 17 report Barclays Capital upgraded the stock to "Overweight" rating. International Business Machines Corporation's beta is 0.90 whilst the stock has an average true range (ATR) of 3.45. Holderness Investments Company invested in 1.07% or 14,189 shares. Its down 8.57% from 17.05M shares, reported previously. Eog Res Inc (NYSE:EOG) was reduced too.