Traders Secrets on Nielsen Holdings plc (NLSN), International Business Machines Corporation (IBM)
- Author: Zachary Reyes Feb 11, 2017,
Feb 11, 2017, 12:42
The stock had previously closed at $166.81.
On the company's financial health, International Business Machines Corp. reported $5.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jan 19, 2017. The company had revenue of $21.77 billion for the quarter, compared to the consensus estimate of $21.69 billion.
International Business Machines Corp.
International Business Machines Corporation will next provide financial results for the March 2017 quarter. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 2.34 earnings per share.
A number of research firms have weighed in on IBM. On average, analysts anticipate that International Business Machines Corporation will post $13.79 earnings per share for the current year. The firm now has a $150.00 price target on the technology company's stock. 20 Analysts reported that the Price Target for International Business Machines Corporation might touch $192 high while the Average Price Target and Low price Target is $164.8 and $125 respectively. BlackRock Fund Advisors boosted its position in shares of International Business Machines Corporation by 6.4% in the second quarter.
International Business Machines Corporation (IBM) is in BofA/Merrill's research list so their analyst rating change is noteworthy.
Intel Corporation (NASDAQ:INTC) share price Fell -2.53% to reach $35.46 during the last trading session. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kralingen Bridget A. Van sold 2,107 shares of the firm's stock in a transaction dated Tuesday, November 22nd. In the last ninety days, insiders sold 22,532 shares of company stock worth $3,593,280. The stock traded at a volume of 3.09 million shares. The disclosure for this purchase can be found here.
Several hedge funds have recently modified their holdings of the stock. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.81 on scale of 1-5. KAVANAUGH JAMES J sold 559 shares in the company at $178.31 each and collected $99,001 in proceeds.
International Business Machines Corporation (IBM) is a technology company. Finally, Orinda Asset Management LLC acquired a new position in shares of International Business Machines Corporation during the third quarter valued at about $127,000. Following the transaction, the insider now directly owns 4,147 shares in the company, valued at approximately $673,638.68.
Proto Labs, Inc. (NYSE:PRLB) predicted growth in 2017 and fourth-quarter profits handily beat analysts' expectations, boosting the stock 12 percent on Thursday. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company's stock valued at $110,000 after buying an additional 5 shares in the last quarter. The stock is now moving above its 20-Day Simple Moving Average of 5.86% with the 50-Day Simple Moving Average of 5.86 percent. The present market cap reflects only on the equity of NYSE:IBM Information Technology Services and is vital to note that the firm's choice of capital structure holds a substantial impact on how the aggregate value of the company allocated within the equity and debt.
International Business Machines Corporation (IBM) is a technology company. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The Company's GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).