IBM down more than 5% despite delivering a beat in quarterly earnings

IBM Reports Higher Revenue Profit Down

Bp Plc acquired 51,500 shares as Intl Business Machines (IBM)'s stock declined 0.39%. The business had revenue of $19.07 billion during the quarter, compared to the consensus estimate of $18.80 billion. 11049018 shares traded on hands while it's an average volume stands with 8629.52K shares. The stock has lost 6% in the past 12 months, even as the S&P 500 index has risen 15%.

Fj Capital Management Llc decreased Old Natl Bancorp Ind (ONB) stake by 63.73% reported in 2017Q4 SEC filing. 4,000 shares were bought by Casanello Diego Lopez, worth $39,640.

This is the second consecutive quarter the company has reported growth in revenues after reporting year-over-year revenue growth for the first time in more than five years in the previous quarter. The stock decreased 7.61% or $12.24 during the last trading session, reaching $148.67. The current ESP growth this year comes in at -3.30%, supporting the 11.35 number. It has outperformed by 55.16% the S&P500. They expect $2.71 EPS, up 29.05% or $0.61 from last year's $2.1 per share. Old Natl Bancorp Ind now has $2.57B valuation. Philadelphia Tru invested in 0.09% or 7,852 shares. Taking a look at the daily price change trend and size of price movement it is recorded that IBM spotted a positive behavior with drift of 0.75%.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. 151 funds opened positions while 637 raised stakes. Victory Mngmt Incorporated owns 97,168 shs for 0.03% of their capital. (NASDAQ:AAPL) for 2,028 shares. Chesley Taft And Assocs Ltd, Illinois-based fund reported 41,827 shares.

IBMs earnings were much softer than what its peers have been reporting raising further concerns whether the company is experiencing slow growth. Cornerstone Capital Mgmt Hldgs Limited Liability holds 0.49% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 457,237 shares.

A point of concern among investors has to do with the fact that the company's earnings received a boost from a one-time tax gain of $817 million. Holderness Investments Company invested in 1.07% or 14,189 shares. Hightower Advisors Ltd Com reported 0% stake. Equifax Inc had 65 analyst reports since July 24, 2015 according to SRatingsIntel. Hourglass Lc holds 1.78% or 51,090 shares.

Despite IBM's challenges, CFRA Research analyst David Holt remains a believer in the company. Since October 27, 2017 according to StockzIntelligence Inc IBM has 19 analyst reports. The stock of Equifax Inc. RBC Capital Markets has "Hold" rating and $160.0 target. Morgan Stanley maintained Apple Inc. The rating was maintained by Guggenheim on Friday, January 26 with "Buy". Analyst Recommendation is an outlook of a stock-market analyst on a stock. On Friday, March 9 the firm earned "Buy" rating by Stifel Nicolaus. On Thursday, January 18 the company was maintained by GBH Insights. With 4.68 million shares average volume, it will take short sellers 3 days to cover their IBM's short positions. IDCBF's SI was 166.35M shares in April as released by FINRA. On Friday, January 19 the stock of International Business Machines Corporation (NYSE:IBM) earned "Sell" rating by Berenberg. Therefore 57% are positive. IBM hopes that these more cutting-edge technologies will eventually offset declines in older businesses like servers and software licenses, in which companies can buy a software product and use it indefinitely instead of paying reoccurring subscription fees. As per Wednesday, May 11, the company rating was downgraded by KLR Group. RBC Capital Markets maintained Equifax Inc. Jefferies maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, August 16. The firm has "Overweight" rating by Barclays Capital given on Wednesday, January 17. Moreover, Focused Wealth has 0.66% invested in International Business Machines Corporation (NYSE:IBM).

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It improved, as 54 investors sold IBM shares while 604 reduced holdings. The Carnegie Capital Asset Management Llc holds 28,148 shares with $4.35 million value, down from 36,239 last quarter. Cypress Cap owns 10,955 shs for 0.35% of their capital.

International Business Machines Corporation a United States of America based Company, belongs to Technology sector and Information Technology Services industry. Royal National Bank & Trust Of Canada reported 0.17% in International Business Machines Corporation (NYSE:IBM). Following the sale, the insider now owns 20,581 shares in the company, valued at approximately $3,210,636. Hudock Cap Gp Ltd Llc holds 10,358 shares. Bridgewater Associates Lp has invested 0.04% in International Business Machines Corporation (NYSE:IBM). Kcm Inv Limited Liability Corporation holds 34,741 shares. Livforsakringsbolaget Skandia Omsesidigt holds 135,512 shares or 0.52% of its portfolio. State Of Tennessee Treasury Department owns 472,734 shares or 0.32% of their U.S. portfolio.

Since January 31, 2018, it had 1 insider buy, and 2 sales for $2.69 million activity.

IBM (NYSE:IBM) handed over a bit of a mixed bag yesterday evening for its first quarter earnings show, and the market is reacting by sending shares down nearly 5% in pre-market trading.

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