IBM's quarterly revenue falls nearly 3 percent

On 04/17/2017 close, International Business Machines Corporation (NYSE:IBM) rose 0.93% to $171.10. With IBM about to announce its 1Q17 results, the company is under pressure to report revenue growth. Zurich Insurance Group Ltd FI now owns 153,738 shares of the technology company's stock valued at $25,519,000 after buying an additional 7,585 shares during the period. KELLY JOHN E III sold $427,761 worth of International Business Machines Corp.

International Business Machines Corp's (IBM.N) revenue declined for the 20th quarter in a row, hurt in the latest first quarter by weak demand in its technology services business.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. GA ADV increased its position in shares of International Business Machines 2.9% in the third quarter. Hemenway Trust Co LLC acquired a new position in International Business Machines Corporation during the fourth quarter worth $110,000. The short ratio in the company's stock is documented at 4.64 and the short float is around of 1.85%. The stock's market capitalization is 159.90B, it has a 52-week low of 142.50 and a 52-week high of 182.79. (NYSE:IBM) or 1,000 shares. Latest closing price was -6.56% below its 50-day moving average and -24.22% below its 200-day moving average. At the time, this indicated a possible downside of -0.08%. International Business Machines Corp. Investors purchased 3,300 call options on the stock.

01/20/2017 - International Business Machines Corporation had its "neutral" rating reiterated by analysts at UBS. (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 19th. Its fiscal 4Q16 revenue and EPS (earnings per share) beat analysts' consensus expectations by $160.0 million and $0.13, respectively.

Revenue from "strategic imperatives" was $7.8 billion in the latest quarter, accounting for 42 percent of total revenue, compared with 37 percent previous year. During the same quarter past year, the firm posted $2.35 EPS.

Revenues fell 2.8% from past year to $18.16 billion, however, missing analysts' view for $18.37 billion.

Excluding items, IBM earned US$2.38 per share, beating analysts' average estimate of US$2.35. Guardian Capital Advisors LP increased its stake in shares of International Business Machines 0.4% in the fourth quarter. "(IBM) Position Increased by Scotia Capital Inc." was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was stolen and republished in violation of United States and global copyright and trademark legislation. Jefferies Group LLC reiterated a "sell" rating and issued a $125.00 price objective on shares of International Business Machines a research report on Friday, January 20th. BMO Capital Markets reissued a "market perform" rating and set a $170.00 price target on shares of International Business Machines a report on Monday, January 23rd. International Business Machines Corp. has an average rating of "Hold" and a consensus price target of $167.03. The average stock price target is $137.00 with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 13 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell. The company has PEG ratio of 5.34 and price to cash ratio of 17.85. Following the transaction, the insider now owns 29,856 shares in the company, valued at approximately $5,323,623.36. The shares were sold at an average price of $179.18, for a total transaction of $895,900.00. The stock traded with the volume of 3.69 Million shares in the last trading session. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Kavanaugh sold 559 shares of International Business Machines Corp. stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $178.31, for a total value of $99,675.29. The disclosure for this sale can be found here. The stock decreased 3.84% or $0.55 on April 13, reaching $13.78.

The IBM Fellow honor is conferred to IBMers in recognition of exceptional and sustained technical achievements and leadership in engineering, programming, services, science, technology, design and industry solutions.

Cognitive Solutions saw smaller growth of 2.1% to $4.1 billion, and Global Business Services fell 3.0%.

  • Zachary Reyes