Notable Ownership Action: International Business Machines Corp (NYSE:IBM) 2016 Q2 Institutional Investor Sentiment Steady

November 24, 2016 - By Nellie Frank   ·   0 Comments

Notable Ownership Action: International Business Machines Corp (NYSE:IBM)  2016 Q2 Institutional Investor Sentiment Steady

Sentiment for International Business Machines Corp (NYSE:IBM)

International Business Machines Corp (NYSE:IBM) institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.10, from 0.81 in 2016Q1. The ratio has improved, as 592 investment professionals increased or started new positions, while 733 sold and decreased their positions in International Business Machines Corp. The investment professionals in our partner’s database now own: 540.67 million shares, down from 587.72 million shares in 2016Q1. Also, the number of investment professionals holding International Business Machines Corp in their top 10 positions decreased from 92 to 72 for a decrease of 20. Sold All: 70 Reduced: 663 Increased: 507 New Position: 85.

International Business Machines Corporation is a technology company. The company has a market cap of $153.37 billion. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. It has a 13.21 P/E ratio. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

The stock decreased 0.40% or $0.65 on November 23, hitting $161.98. International Business Machines Corp. (NYSE:IBM) has risen 9.08% since April 22, 2016 and is uptrending. It has outperformed by 3.67% the S&P500.

Analysts await International Business Machines Corp. (NYSE:IBM) to report earnings on January, 17. They expect $4.92 EPS, up 1.65% or $0.08 from last year’s $4.84 per share. IBM’s profit will be $4.66B for 8.23 P/E if the $4.92 EPS becomes a reality. After $3.29 actual EPS reported by International Business Machines Corp. for the previous quarter, Wall Street now forecasts 49.54% EPS growth.

According to Zacks Investment Research, “IBM is an information technology (IT) company. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The Global Technology Services segment provides IT infrastructure services and business process services. The Global Business Services segment offers professional services and application management services. The Software segment consists primarily of middleware and operating systems software. The Systems and Technology segment provides computing power and storage solutions; and semiconductor technology products and packaging solutions. The Global Financing segment invests in financing assets, leverages with debt and manages the associated risks. IBM is headquartered in Armonk, New York.”

Fairfax Financial Holdings Ltd Can holds 13.54% of its portfolio in International Business Machines Corp. for 1.36 million shares. Schaller Investment Group Inc owns 114,310 shares or 12.86% of their US portfolio. Moreover, Berkshire Hathaway Inc has 9.51% invested in the company for 81.23 million shares. The Florida-based Rbs Partners L.P. has invested 8.49% in the stock. Hikari Power Ltd, a Japan-based fund reported 477,400 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 15 insider sales for $10.37 million net activity.

International Business Machines Corp. (NYSE:IBM) Ratings Coverage

Ratings analysis reveals 32% of International Business Machines’s analysts are positive. Out of 22 Wall Street analysts rating International Business Machines, 7 give it “Buy”, 3 “Sell” rating, while 12 recommend “Hold”. The lowest target is $110 while the high is $186. The stock’s average target of $152.20 is -6.04% below today’s ($161.98) share price. IBM was included in 61 notes of analysts from July 21, 2015. The stock of International Business Machines Corp. (NYSE:IBM) has “Buy” rating given on Friday, October 9 by Drexel Hamilton. The rating was upgraded by Argus Research to “Buy” on Wednesday, August 26. The stock of International Business Machines Corp. (NYSE:IBM) earned “Hold” rating by Deutsche Bank on Tuesday, July 19. The stock has “Market Perform” rating given by JMP Securities on Friday, November 20. The stock of International Business Machines Corp. (NYSE:IBM) has “Market Outperform” rating given on Tuesday, July 19 by JMP Securities. Drexel Hamilton maintained the shares of IBM in a report on Tuesday, July 19 with “Buy” rating. The stock of International Business Machines Corp. (NYSE:IBM) has “Neutral” rating given on Tuesday, September 22 by Goldman Sachs. The stock of International Business Machines Corp. (NYSE:IBM) earned “Underperform” rating by Credit Suisse on Tuesday, October 18. Oppenheimer initiated the shares of IBM in a report on Tuesday, August 16 with “Perform” rating. The rating was maintained by Stifel Nicolaus on Friday, January 8 with “Buy”.

IBM Company Profile

International Business Machines Corporation (IBM), incorporated on June 16, 1911, is a technology company. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing.

More important recent International Business Machines Corp. (NYSE:IBM) news were published by: Profitconfidential.com which released: “IBM Stock: International Business Machines Corp.’s Big Bet” on November 23, 2016, also Fool.com published article titled: “Better Buy: International Business Machines Corporation vs. Oracle”, Forbes.com published: “International Business Machines Reaches Analyst Target Price” on November 11, 2016. More interesting news about International Business Machines Corp. (NYSE:IBM) was released by: Fool.com and their article: “International Business Machines Corp: 3 Things You Need to Know” with publication date: October 27, 2016.

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By Nellie Frank


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