International Business Machines Corp (NYSE:IBM): Institutional Investors Are Worried

Sentiment for International Business Machines Corp (NYSE:IBM)

International Business Machines Corp (NYSE:IBM) institutional sentiment decreased to 0.9 in Q2 2018. Its down -0.21, from 1.11 in 2018Q1. The ratio has dropped, as 613 investment managers increased and opened new holdings, while 679 sold and decreased their holdings in International Business Machines Corp. The investment managers in our partner’s database reported: 489.70 million shares, down from 501.15 million shares in 2018Q1. Also, the number of investment managers holding International Business Machines Corp in their top 10 holdings decreased from 65 to 48 for a decrease of 17. Sold All: 62 Reduced: 617 Increased: 493 New Position: 120.

International Business Machines Corporation provides information technology services and products worldwide. The company has market cap of $109.21 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 19.36 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.

The stock decreased 0.55% or $0.67 during the last trading session, reaching $120.17. About 3.86M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 0.56% since November 14, 2017 and is uptrending. It has underperformed by 15.06% the S&P500.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on January, 17. They expect $4.86 earnings per share, down 6.18 % or $0.32 from last year’s $5.18 per share. IBM’s profit will be $4.42B for 6.18 P/E if the $4.86 EPS becomes a reality. After $3.42 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 42.11 % EPS growth.

Rwwm Inc. holds 7.82% of its portfolio in International Business Machines Corporation for 170,951 shares. American Research & Management Co. owns 156,632 shares or 7.6% of their US portfolio. Moreover, Taylor Asset Management Inc has 6.2% invested in the company for 95,900 shares. The Virginia-based Greylin Investment Mangement Inc has invested 6.09% in the stock. American Investment Services Inc., a Massachusetts-based fund reported 120,866 shares.

Since January 1, 0001, it had 5 insider buys, and 1 insider sale for $426,695 activity.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Ratings analysis reveals 44% of IBM’s analysts are positive. Out of 9 Wall Street analysts rating IBM, 4 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $140 while the high is $185. The stock’s average target of $161.71 is 34.57% above today’s ($120.17) share price. IBM was included in 11 notes of analysts from June 28, 2018. The firm has “Buy” rating by UBS given on Tuesday, October 30. The firm earned “Market Perform” rating on Thursday, July 19 by BMO Capital Markets. The firm has “Hold” rating given on Thursday, October 18 by Argus Research. BMO Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, October 17 with “Market Perform” rating. Wells Fargo maintained it with “Market Perform” rating and $155 target in Monday, July 30 report. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 19. The rating was upgraded by UBS to “Buy” on Wednesday, September 26. Stifel Nicolaus maintained the shares of IBM in report on Thursday, July 19 with “Buy” rating. The stock has “Neutral” rating by Cantor Fitzgerald on Wednesday, October 17.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: Disappointing, Again” on October 22, 2018, also Seekingalpha.com with their article: “IBM: One Sentence” published on October 22, 2018, Seekingalpha.com published: “IBM: Massive Overpay For Red Hat?” on October 29, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM + Red Hat: Market Is Assuming A 20% Chance Of Failing The Acquisition” published on November 08, 2018 as well as Finance.Yahoo.com‘s news article titled: “Smart Money Isn’t Rushing Into IBM Common Stock (IBM) Just Yet” with publication date: November 05, 2018.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.