IBM is getting rocked after giving disappointing guidance (IBM)
- Author: Eleanor Harrison Apr 19, 2018,
Apr 19, 2018, 1:44
The Fj Capital Management Llc holds 449,000 shares with $7.83M value, down from 1.24 million last quarter.
International Business Machines Corporation (IBM) stock gained attention from Active Investors.
During the most recent trading day, the stock's price shifted up + 15.65 percent from its 52-week-low while -6.28 percent lower from its 52-week high. Shares of C moved downward with change of -4.52% to its 50-day Moving average.
International Business Machines Corp. reported first-quarter sales of $19.1 billion, beating the average analyst estimate of $18.8 billion. It has underperformed by 24.13% the S&P500.
Donaldson Capital Management Llc decreased International Business Machs C (IBM) stake by 11.79% reported in 2017Q4 SEC filing.
Big Blue's technology services and cloud platforms business segment - which includes infrastructure services, technical support services and integration software - was IBM's largest division in the first quarter of the fiscal year, accounting for revenues of $8.6 billion. A volume "spike" where volume is way more than normal-5 to 10 times (or more) average volume (for that time or period) for example-could indicate the end of a trend.
Since January 31, 2018, it had 1 insider purchase, and 2 insider sales for $2.69 million activity.
Us Stock Market Futures rise at the open Wednesday. 610 International Business Machines Corporation (NYSE:IBM) shares with value of $99,659 were bought by WADDELL FREDERICK H. Its down 0.02, from 1.13 in 2017Q3. 54 investors sold all, 604 reduced holdings as IBM ratio increased.
Several other hedge funds also recently added to or reduced their stakes in the company. Investors holded 519.10 million in 2017Q3 but now own 504.07 million shares or 2.90% less. The company have shares float of 920.25 million. Boston Family Office Lc reported 24,426 shares. Finally, Bridgewater Associates LP boosted its position in shares of IBM by 3.5% during the 2nd quarter. Goldman Sachs maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, October 18 with "Neutral" rating. Tiverton Asset Ltd Llc, Delaware-based fund reported 12,574 shares. On a Monthly basis the stock is 0.41%. Blackrock Inc reported 57.76 million shares or 0.42% of all its holdings. At one point in the past year, the shares traded as low as $5.47 but has recovered 263.62% since then.
IBM is down more than 3% this year. Westwood Group stated it has 1,743 shares or 0% of all its holdings.
Willingdon Wealth Management, which manages about $239.04M and $304.32M US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 43,435 shares to 25,595 shares, valued at $2.48 million in 2017Q4, according to the filing. It also upped Snap On Inc (NYSE:SNA) stake by 15,480 shares and now owns 17,610 shares.
IBM stated Tuesday earnings and revenue that topped analyst expectations, but shareholders were left disdesignated with the company's forward-looking guidance. Therefore 29% are positive.
CFRA (S&P) maintained its Buy rating and $175 target price. On Wednesday, January 3 the rating was upgraded by RBC Capital Markets to "Outperform". As per Friday, January 19, the company rating was maintained by RBC Capital Markets.
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. The rating was maintained by Stifel Nicolaus on Wednesday, October 7 with "Buy". J.P. Morgan has "Hold" rating and $167.0 target. Ives maintained a rating of attractive on IBM and a price target of 180. Cantor Fitzgerald restated a "hold" rating and issued a $152.00 price objective on shares of IBM in a research report on Friday, January 19th. On Friday, March 9 the stock rating was maintained by Morgan Stanley with "Buy". Honeywell Int Incorporated holds 177,200 shares or 0.9% of its portfolio. Interocean Cap Ltd Liability Corporation holds 12,252 shs or 0.25% of its capital. California State Teachers Retirement Sys has 1.56M shares for 0.49% of their portfolio. About shares traded. IMPACT Silver Corp. (NASDAQ:PEP). Convergence Prtnrs Limited Liability Company holds 0.05% or 2,906 shares in its portfolio. Pekin Singer Strauss Asset Il owns 9,131 shares.
International Business Machines Corporation (NYSE:IBM) generated a return on investment of 17.40% in past 12 months and return on equity of 31.10% for similar period. Smith Asset Mngmt Gru LP owns 101,323 shares or 0.38% of their USA portfolio. First City Capital Management reported 0.48% in International Business Machines Corporation (NYSE:IBM). Stock Yards Bank & Trust Trust has invested 0.35% of its portfolio in General Electric Company (NYSE:GE). Menta Capital Ltd Liability stated it has 0.28% in PepsiCo, Inc.