$3.03 EPS Expected for International Business Machines Corporation (IBM)

June 14, 2018 - By Adrian Erickson

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It improved, as 60 investors sold International Business Machines Corporation shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported.
Old Point Tru Finance N A holds 0.76% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 8,805 shares. Franklin Street Nc has 1.22% invested in International Business Machines Corporation (NYSE:IBM) for 52,962 shares. The California-based San Francisco Sentry (Ca) has invested 0.28% in International Business Machines Corporation (NYSE:IBM). Swedbank stated it has 342,100 shares or 0.27% of all its holdings. Sabal Tru holds 2.45% or 167,053 shares. 198,075 were accumulated by Connor Clark & Lunn Investment Ltd. National Asset invested 0.19% in International Business Machines Corporation (NYSE:IBM). 360 were reported by Shine Inv Advisory Inc. Wade G W holds 0.2% or 11,237 shares. Grisanti Cap Mgmt Ltd Com reported 0.05% of its portfolio in International Business Machines Corporation (NYSE:IBM). Brinker Capital invested in 9,685 shares. Zuckerman Limited Liability Company owns 124,714 shares or 4.89% of their US portfolio. Trust Of Virginia Va stated it has 6,782 shares. California Employees Retirement Systems holds 2.30M shares. The Maryland-based Mount Vernon Assocs Md has invested 1.81% in International Business Machines Corporation (NYSE:IBM).

Since January 31, 2018, it had 1 insider buy, and 2 insider sales for $2.69 million activity. Gherson Diane J had sold 5,000 shares worth $780,000. On Wednesday, January 31 the insider WADDELL FREDERICK H bought $99,659.

Analysts expect International Business Machines Corporation (NYSE:IBM) to report $3.03 EPS on July, 17.They anticipate $0.06 EPS change or 2.02 % from last quarter’s $2.97 EPS. IBM’s profit would be $2.78B giving it 11.99 P/E if the $3.03 EPS is correct. After having $2.45 EPS previously, International Business Machines Corporation’s analysts see 23.67 % EPS growth. The stock decreased 0.69% or $1.01 during the last trading session, reaching $145.34. About 2.25 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since June 14, 2017 and is downtrending. It has underperformed by 18.81% the S&P500.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Among 12 analysts covering IBM (NYSE:IBM), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. IBM had 18 analyst reports since January 3, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Friday, January 19 by RBC Capital Markets. Stifel Nicolaus maintained International Business Machines Corporation (NYSE:IBM) rating on Friday, January 19. Stifel Nicolaus has “Buy” rating and $182.0 target. The rating was maintained by J.P. Morgan on Wednesday, April 18 with “Hold”. Societe Generale maintained International Business Machines Corporation (NYSE:IBM) rating on Friday, January 19. Societe Generale has “Sell” rating and $149.0 target. Barclays Capital upgraded International Business Machines Corporation (NYSE:IBM) on Wednesday, January 17 to “Overweight” rating. The firm has “Buy” rating given on Friday, March 9 by Morgan Stanley. The stock has “Buy” rating by RBC Capital Markets on Tuesday, April 17. The firm has “Outperform” rating given on Wednesday, January 3 by RBC Capital Markets. The company was maintained on Friday, January 19 by BMO Capital Markets. The rating was maintained by Stifel Nicolaus on Wednesday, April 18 with “Buy”.

International Business Machines Corporation provides information technology services and products worldwide. The company has market cap of $133.42 billion. The Company’s Cognitive Solutions segment includes Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers. It has a 23.85 P/E ratio. The companyÂ’s Cognitive Solutions segment also offers data and analytics solutions, including analytics and data management platforms, cloud data services, enterprise social software, talent management solutions, and solutions tailored by industry; and transaction processing software that runs mission-critical systems in banking, airlines, and retail industries.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “IBM Unveils an AI Supercomputer” on June 11, 2018, also 247Wallst.com with their article: “US Builds World’s Most Powerful Supercomputer” published on June 09, 2018, Seekingalpha.com published: “Mass layoffs at IBM Watson Health?” on May 31, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: 247Wallst.com and their article: “6 Most Important Things in Business Today” published on June 04, 2018 as well as Seekingalpha.com‘s news article titled: “Many Large US Firms Sell, Hire And Invest More Overseas Than In US And They Have To Think Globally, Not …” with publication date: June 14, 2018.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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