IBM Beats Q1 Estimates But Stock Dives 5.7%

IBM (IBM) Given a $180.00 Price Target at Pivotal Research

IBM (IBM) Given a $180.00 Price Target at Pivotal Research

The share price has already crossed its 20 days moving average, floating at a distance of 4.58% and sits 3.88% higher versus its 50 days moving average. This stock price value and percentage change is important to traders as it shows final value of stock and how much it changed in recent trading session. National Bank Of Stockton has 0.23% invested in International Business Machines Corporation (NYSE:IBM). IBM underperformed the S&P 500 by 24.13%. Tiaa Cref Investment Management Ltd Liability reported 0% of its portfolio in Office Depot, Inc. Jolley Asset Management Llc bought 3,000 shares as the company's stock declined 0.39% with the market. The Donaldson Capital Management Llc holds 117,684 shares with $18.06 million value, down from 133,421 last quarter. (STAR) has declined 14.04% since April 17, 2017 and is downtrending. It has underperformed by 64.26% the S&P500.

IBM expects full-year earnings to be $13.80 per share. ONB's profit will be $44.13M for 14.57 P/E if the $0.29 EPS becomes a reality. The technology company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.28 by $0.17.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. The ratio is positive due to IBM positioning: 54 sold and 604 reduced.

A number of institutional investors and hedge funds have recently made changes to their positions in IBM. Uss Invest Management accumulated 0.35% or 194,600 shs.

US stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed shareholders and boosted optimism about the USA corporate reporting season. About 2.58M shares traded. Lodestar Inv Counsel Ltd Liability Company Il holds 0.08% or 4,804 shares in its portfolio. Drexel Morgan And reported 9,702 shares. First Fin Bank stated it has 10,473 shares. It worsened, as 66 investors sold TMUS shares while 159 reduced holdings. 106,109 were accumulated by State Of Tennessee Treasury Department.

Almost everything about IBM Corp.'s business improved in its first quarter, but nothing took investors' breath away. Tradition Capital Mgmt Ltd Limited Liability Company invested in 17,680 shares. Oz Mngmt LP holds 0.67% or 2.11 million shares. Bp Public Lc invested in 0.54% or 99,500 shares. Washington Trust Co owns 0.35% invested in International Business Machines Corporation (NYSE:IBM) for 40,889 shares.

Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Northstar Group reported 4,051 shs. The company was maintained on Thursday, January 12 by Stifel Nicolaus.

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Wedbush Securities maintained its Neutral rating, but it has a $185 price target that offers enough upside it nearly sounds more like a Buy rating.

In the earnings call Tuesday, IBM chief financial officer Jim Kavanaugh described this shortfall as a disappointment to the company, and attributed the miss to "an increasingly competitive environment and continued pricing pressures" as well as "some sales execution challenges which impacted performance". The rating was maintained by Morgan Stanley on Wednesday, August 23 with "Buy". Jefferies maintained the stock with "Sell" rating in Wednesday, August 16 report.

Pivotal Research maintained its Buy rating and $180 price target.

Since January 31, 2018, it had 1 insider buy, 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 had sold 5,000 shares worth $780,000. Also, Director Frederick H. Waddell acquired 610 shares of the business's stock in a transaction dated Wednesday, January 31st. Therefore 29% are positive. On Friday, January 19 the stock has "Buy" rating by RBC Capital Markets.

While analytics revenue increased 9% in Q1, mobile revenue widened 19% and security revenue soared 65%, the company said.

"In the first quarter we maintained momentum in our business, with reported revenue growth in total and across our major segments", said Ginni Rometty, IBM chairman, president and CEO in a canned statement. The stock has "Underweight" rating by Barclays Capital on Tuesday, July 19. Reilly Financial Advisors Llc who had been investing in International Business M for a number of months, seems to be bullish on the $138.06B market cap company. Jefferies maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, August 16. BMO Capital Markets has "Hold" rating and $170.0 target. (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 19th. RBC Capital Markets has "Hold" rating and $16000 target. On Sunday, November 26 the firm earned "Hold" rating by BMO Capital Markets. Exxonmobil Invest Management Tx reported 136,901 shares or 0.58% of all its holdings. Its down 2.59% from 155.34M shares previously. Eog Res Inc (NYSE:EOG) was reduced too.

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