IBM revenue drops after weak demand for services

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Tigress Financial reiterated a "neutral" rating on shares of International Business Machines Corporation in a report on Tuesday, January 24th. The Flippin Bruce & Porter Inc holds 75,466 shares with $12.53M value, up from 71,923 last quarter. MAI Capital Management now owns 10,958 shares of the technology company's stock worth $1,741,000 after buying an additional 910 shares in the last quarter. EPS breaks down the profitability of the company on a single share basis.

Oppenheimer Holdings Inc. restated their hold rating on shares of International Business Machines Corp. It has underperformed by 1.05% the S&P500. Therefore 29% are positive. International Business Machines had 66 analyst reports since July 21, 2015 according to SRatingsIntel.

Over the last twelve months International Business Machines's stock price has increased from 139.03 to 161.87, a change of 16.43%.

Deutsche Bank analyst Sherri Scribner is skeptical that IBM can right the ship in the near future. Bank of America Corporation raised International Business Machines Corporation from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 31st. (NYSE:IBM) on Friday, January 8 with "Buy" rating. (NYSE:IBM) rating on Tuesday, October 20.

Check back later for our full analysis on IBM's earnings report! The average twelve-month price objective among brokerages that have issued a report on the stock in the previous year is $161.87. On Monday, September 14 the stock rating was maintained by Citigroup with "Buy".

Market Capitalization can be thought of as the overall price to buy the company. Its the same as in 2016Q3.

Several large investors have recently bought and sold shares of IBM. 547.10 million shares or 2.12% more from 535.77 million shares in 2016Q3 were reported. Sumitomo Life Insurance holds 28,166 shares.

In other news, insider James J. Kavanaugh sold 559 shares of International Business Machines Corp. stock in a transaction that occurred on Tuesday, February 7th. Analyst's mean target price for IBM is $170.68 while analysts mean recommendation is 2.90. Revenue growth was 11 percent in the fourth quarter. (NYSE:IBM) for 54,098 shares. American Investment Services Inc. raised its position in shares of International Business Machines Corporation by 82.6% in the third quarter. (NYSE:IBM) to $180.00 per share.

03/07/2017 - International Business Machines Corporation had its "buy" rating reiterated by analysts at Drexel Hamilton. Clorox Co Del (NYSE:CLX) was reduced too. "This year's extraordinary group of new IBM Fellows, whose breakthroughs have had a material impact on our leadership in cloud, cognitive, security and quantum, demonstrate once again the critical role our company plays in tackling the world's toughest problems and developing the next generation of leaders". The shares were sold at an average price of $178.31, for a total value of $99,675.29. IWATA JON C sold 19,866 shares worth $3.15M.

Recent Insider Trading Activity For International Business Machines Corp. The current share price indicate that stock is -59.63% away from its one year high and is moving 153.85% ahead of its 52-week low.

On 10/27/2016 John E Kelly III, Insider, sold 2,809 with an average share price of $152.28 per share and the total transaction amounting to $427,754.52.

Investors sentiment increased to 0.85 in 2016 Q4. Its down 0.35, from 1.1 in 2016Q3. Hightower Advsrs Llc has 0% invested in EV Energy Partners, L.P. (NASDAQ:EVEP) for 15,350 shares. Investors Asset Management of Georgia Inc. Gramercy Funds Mngmt Limited Liability Corp reported 21,462 shares. Wells Fargo downgraded the stock to "Underperform" rating in Thursday, February 18 report. Amica Mutual Ins holds 877,988 shares or 1.06% of its portfolio.

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