IBM stock falls after earnings beat

Adjust Comment Print

Tiaa Cref Investment Management Ltd Liability reported 0% of its portfolio in Office Depot, Inc. The company's last traded volume of 10.21 million shares was above it's an average volume of 5.32 million shares. The institutional investor held 50,146 shares of the computer manufacturing company at the end of 2017Q4, valued at $7.69M, up from 20,132 at the end of the previous reported quarter. It closed at $16.9 lastly. (STAR) has declined 14.04% since April 17, 2017 and is downtrending. It has underperformed by 86.93% the S&P500. They expect $-0.08 earnings per share, up 69.23% or $0.18 from last year's $-0.26 per share. ONB's profit will be $44.13M for 14.57 P/E if the $0.29 EPS becomes a reality. The organization posted $5.18 earnings per share (EPS) for the three-month period, missing the Thomson Reuters' analyst consensus estimate of $5.17 by $0.0099999999999998- amounting to a surprise factor of 0.11%.

During 2017 Q4 the big money sentiment increased to 1.03. On Tuesday, the Dow DJIA, +0.87 percent, S&P SPX, +1.07 percent and Nasdaq Composite COMP, +1.74 percent all gained for a 2nd day in a row, leaving the Dow up by 0.3 percent for the year. In the process of weaning itself off hardware sales, divesting its chip business and staking out a defensible position in the cloud, it has exited a lot of low-margin businesses and focused on stabilizing for growth. Factory Mutual invested in 0.13% or 78,500 shares. Principal Gru Inc reported 0.01% in T-Mobile US, Inc. 108,905 were accumulated by Arrowgrass Cap (Us) Lp. Rowland Inv Counsel Adv holds 0.15% or 2,464 shares. IBM returned $2.2 billion to shareholders through $1.4 billion in dividends and $0.8 billion in gross share repurchases. Joel Isaacson & Company Lc owns 95,249 shares. National Bank Of America De owns 12.58M shares. Cincinnati invested in 1.85% or 273,900 shares. 106,109 were accumulated by State Of Tennessee Treasury Department. First City Capital Management reported 0.48% in International Business Machines Corporation (NYSE:IBM). Tradition Capital Mgmt Ltd Limited Liability Company invested in 17,680 shares. If we take a long term observation, shares have been trading at a distance of 5.79% from the 200-day moving average. Field Main Savings Bank invested in 0.2% or 11,806 shares.

We view IBM as a defensive investment given its high exposure to recurring sales, cost cutting levers, solid balance sheet, potential share gains, and relatively stable margins.

Shelton Capital Management increased Walgreens Boots Alliance Inc stake by 34,956 shares to 158,857 valued at $11.54M in 2017Q4. Asset Management One Com Ltd owns 1.39 million shares. Rbb Bancorp was raised too. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share. Northstar Group reported 4,051 shs. The firm earned "Neutral" rating on Tuesday, October 18 by Citigroup. The company was maintained on Tuesday, September 22 by Goldman Sachs.

Barclays has an Overweight rating on IBM, but it lowered its target to $188 from $192. Morgan Stanley maintained it with "Buy" rating and $198.0 target in Friday, March 9 report. The stock has "Hold" rating by J.P. Morgan on Friday, January 19. On Monday, November 13 the rating was maintained by RBC Capital Markets with "Hold".


Since January 31, 2018, it had 1 insider purchase, and 2 selling transactions for $2.69 million activity. Shares for $2.01 million were sold by Clementi Erich on Friday, February 23. Independent Invsts has invested 1.05% in International Business Machines Corporation (NYSE:IBM). WADDELL FREDERICK H bought 610 shares worth $99,659. The company earned $21.77 billion during the quarter, compared to analysts' expectations of $21.69 billion. Therefore 57% are positive. The stock of International Business Machines Corporation (NYSE:IBM) has "Hold" rating given on Friday, October 16 by Cantor Fitzgerald. 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. As per Friday, January 19, the company rating was maintained by RBC Capital Markets.

International Business Machines Corporation (NYSE:IBM) has seen its SMA20 which is now -3.52%. Alpha Windward Limited Liability Corporation invested in 0.13% or 1,373 shares. Jefferies has "Sell" rating and $125.0 target.

IBM (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 18th.

International Business Machines Corporation is maintained at an average hold rating by 26 stock analysts, and there are at least 1.69% of shares outstanding that are now legally short sold.

Comments