November 23, 2016 - By Michael Collier
A calculated and well-grounded move was made by the Senior Vice President of International Business Machines Corp, Mr. Kralingen Van, 2 days ago, when he unloaded number of shares – 2,107, amounting to $342,262 US Dollars, based on an avg price of $162.4 for a share. He also unloaded 2,370 shares worth about $367,840 USD in the last month. Presently, Kralingen Van owns 2,522 shares which make up precisely 0.0003% of the Company’s market capitalization.
Out of 22 analysts covering International Business Machines (NYSE:IBM), 7 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 32% are positive. $186 is the highest target while $110 is the lowest. The $152.20 average target is -6.03% below today’s ($161.97) stock price. International Business Machines has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of International Business Machines Corp. (NYSE:IBM) earned “Hold” rating by Deutsche Bank on Tuesday, October 20. The stock has “Buy” rating given by Bank of America on Thursday, November 10. The stock of International Business Machines Corp. (NYSE:IBM) earned “Overweight” rating by Morgan Stanley on Tuesday, October 18. Cantor Fitzgerald initiated the shares of IBM in a report on Friday, October 16 with “Hold” rating. As per Wednesday, October 28, the company rating was maintained by RBC Capital Markets. The firm has “Overweight” rating given on Thursday, March 31 by Morgan Stanley. Jefferies maintained the stock with “Underperform” rating in Tuesday, July 19 report. As per Friday, January 15, the company rating was maintained by RBC Capital Markets. UBS maintained International Business Machines Corp. (NYSE:IBM) rating on Tuesday, July 19. UBS has “Neutral” rating and $160 price target. The firm earned “Market Perform” rating on Friday, November 20 by JMP Securities.
Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.10, from 0.81 in 2016Q1. The ratio increased, as 70 funds sold all International Business Machines Corp. shares owned while 663 reduced positions. 85 funds bought stakes while 507 increased positions. They now own 540.67 million shares or 8.01% less from 587.72 million shares in 2016Q1.
Mercer Cap Advisers last reported 8,756 shares in the company. Hoertkorn Richard Charles holds 1.35% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 11,150 shares. South Texas Money last reported 4,787 shares in the company. Dai Ichi Life Ins Limited holds 0.38% or 82,877 shares in its portfolio. Wharton Business Grp Lc owns 4,326 shares or 0.08% of their US portfolio. Tweedy Browne Ltd Llc holds 402,985 shares or 1.72% of its portfolio. Triangle Wealth last reported 0.33% of its portfolio in the stock. The New York-based Morgan Stanley has invested 0.41% in International Business Machines Corp. (NYSE:IBM). Employees Retirement Of Texas accumulated 0.19% or 91,400 shares. Miller Inv Mgmt L P last reported 2,250 shares in the company. Northstar Asset Management holds 0.33% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 5,255 shares. Orrstown Fincl Inc accumulated 0.03% or 200 shares. Ally accumulated 46,000 shares or 1.17% of the stock. Hl Ser Lc holds 406,336 shares or 1.46% of its portfolio. Blackrock Grp Ltd last reported 0.58% of its portfolio in the stock.
Insider Transactions: Since August 2, 2016, the stock had 1 buying transaction, and 14 sales for $10.03 million net activity. IWATA JON C sold $3.15 million worth of stock. The insider KELLY JOHN E III sold $1.08M. $961,695 worth of International Business Machines Corp. (NYSE:IBM) was sold by Clementi Erich. $50,177 worth of International Business Machines Corp. (NYSE:IBM) was sold by van Kralingen Bridget A. On Tuesday, August 23 JETTER MARTIN sold $607,865 worth of the stock or 3,788 shares. Shares for $152,310 were sold by Rhodin Michael D. on Thursday, November 3. The insider LeBlanc Robert J. sold 15,708 shares worth $2.55M.
About 1.56 million shares traded hands. International Business Machines Corp. (NYSE:IBM) has risen 8.96% since April 21, 2016 and is uptrending. It has outperformed by 3.63% the S&P500.
International Business Machines Corporation is a technology company. The company has a market cap of $153.92 billion. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. It has a 13.2 P/E ratio. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).
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.”
Analysts await International Business Machines Corp. (NYSE:IBM) to report earnings on January, 17. They expect $4.92 earnings per share, up 1.65% or $0.08 from last year’s $4.84 per share. IBM’s profit will be $4.68 billion for 8.23 P/E if the $4.92 EPS becomes a reality. After $3.29 actual earnings per share reported by International Business Machines Corp. for the previous quarter, Wall Street now forecasts 49.54% EPS growth.
More notable 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 with their article: “Better Buy: International Business Machines Corporation vs. Oracle” published on November 09, 2016, Forbes.com published: “International Business Machines Reaches Analyst Target Price” on November 11, 2016. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Fool.com and their article: “International Business Machines Corp: 3 Things You Need to Know” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “IBM: Will The Biggest Disrupter In Business Be Boring Old Big Blue?” with publication date: November 23, 2016.
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.
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