IBM shares down 2% in late trading following earnings beat

IBM shares down 2% in late trading following earnings beat

The company's revenue for the quarter was up 3.6% on a year-over-year basis. The stock increased 7.03% or $0.36 during the last trading session, reaching $5.5. Another trade for 39,820 shares valued at $4.23 million was made by Billing Duncan on Monday, July 31. Orocobre Limited (OTCMKTS:OROCF) has 0.00% since January 19, 2017 and is. It has outperformed by 3.59% the S&P500. The stock volatility for week was 1.23% while for month was 1.08%.Beta factor, which measures the riskiness of the security, was observed as 0.91.

Total shares held by institutions as of the most recent company filings are 551,888,323 with a reported 27,742,034 bought and 35,794,066 sold. The stock increased 1.39% or $0.79 during the last trading session, reaching $57.55. About 1.91 million shares traded or 23.68% up from the average.

International Business Machines's Williams Percent Range or 14 day Williams %R now sits at -13.44. It has underperformed by 16.70% the S&P500. (OTCMKTS:CHCR) has 0.00% since January 18, 2017 and is. Its down 0.12, from 1.22 in 2017Q2. Winslow Evans & Crocker reported 1,640 shares. 65 funds opened positions while 204 raised stakes.

Shares in IBM were up 0.7% at US$169.52 in early deals. 47,770 were accumulated by Morgan Dempsey Management Llc. Eaton Vance invested 0.26% of its portfolio in International Business Machines Corporation (NYSE:IBM). Oakworth has invested 0% in Viad Corp (NYSE:VVI). Sterling Capital Management Limited Com owns 34,105 shares. Hbk LP stated it has 49,300 shares. Texan Cap Mgmt holds 5,188 shares. Goldman Sachs Group holds 0% in Viad Corp (NYSE:VVI) or 95,800 shares. Moreover, Moors & Cabot has 0.11% invested in McDonald's Corporation (NYSE:MCD) for 4,802 shares. Jpmorgan Chase And reported 165,834 shares. (NASDAQ:HAS). Jackson Wealth Ltd Liability Com invested 0.52% of its portfolio in Hasbro, Inc. (HST) is 2.14. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. New Oriental Education & Technology Group had 31 analyst reports since September 9, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, July 19 by Deutsche Bank. Wedbush initiated it with "Hold" rating and $15500 target in Thursday, August 3 report. (NYSE:IBM) fell in overnight trading after it beat earnings estimates. The stock has "Neutral" rating by Citigroup on Wednesday, October 21. The firm has "Hold" rating by Stifel Nicolaus given on Tuesday, February 7. The firm has "Buy" rating by Jefferies given on Monday, January 8. The stock has "Overweight" rating by Barclays Capital on Tuesday, December 1. Morgan Stanley has "Buy" rating and $21200 target. However, the company has forecasted an operating profit of $13.80 a share as a minimum for 2018, relative to $13.80 in 2017 with market forecasts of $13.92, as quoted by Thomson Reuters.

The company's Average Revenue Estimate for the current quarter is $18.41 Billion, while Low and High Revenue Estimates are $18.14 Billion and $18.8 Billion respectively. On Wednesday, August 16 WENGER STEFAN sold $182,513 worth of Royal Gold, Inc.

International Business Machines Corporation (NYSE:IBM) received a Buy rating from 3 analysts. Therefore 0 are positive. BMO Capital Markets reiterated a "hold" rating and set a $175.00 price objective on shares of International Business Machines in a research report on Thursday, January 11th. The existing P/E value will allow investors to easily determine whether the company's stock price is cheap or expensive. The rating was maintained by UBS on Tuesday, October 20 with "Neutral". They are projecting Next Quarter growth of -4.2%. The company was maintained on Tuesday, October 20 by RBC Capital Markets. The company was maintained on Wednesday, April 12 by Bernstein. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. On average, equities research analysts forecast that International Business Machines Corporation will post $13.73 earnings per share for the current fiscal year.

Investors sentiment increased to 0.74 in 2017 Q3. Its down 0.17, from 0.83 in 2017Q2.

A number of hedge funds have recently added to or reduced their stakes in IBM. Vanguard Group Inc. now owns 62,228,040 shares of the technology company's stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares during the last quarter. Massachusetts-based Crestwood Advsr Gru Incorporated Limited Liability Company has invested 0.17% in International Business Machines Corporation (NYSE:IBM). Tortoise Ltd Liability has 4,201 shares.

International Business Machines Corporation (NYSE:IBM) has returns on investment of 19.70% which indicates firm's investment efficiency or to compare the efficiency of a number of different investments. Salient Trust Co Lta owns 1.13 million shares or 4.68% of their United States portfolio. 179,495 are owned by Shell Asset Mngmt. International Business Machines Corporation (NYSE:IBM) presently has a 10 month price index of 0.98816. Caprock Grp Inc owns 1,851 shares. Tower Research Ltd Liability Com (Trc) has 0% invested in Hasbro, Inc. Bradley Foster Sargent Ct holds 0.37% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 67,714 shares. Gulf National Bank & Trust (Uk) Ltd owns 281,530 shares for 0.55% of their portfolio. Herzfeld Advisors Inc. acquired a new stake in International Business Machines Corporation during the fourth quarter valued at approximately $117,000.

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