Cloud Growth Drives International Business Machines Corp. (IBM) Earnings Beat

Joanna Estrada
October 18, 2017

Its down 0.25, from 0.97 in 2017Q1.

Several research firms have recently commented on IBM.

A number of other hedge funds have also added to or reduced their stakes in the business. Gam Holding Ag reported 0.62% of its portfolio in International Business Machines Corp. Chicago Partners Investment Group LLC raised its holdings in International Business Machines Corporation by 987.4% in the second quarter. (NYSE:IBM) for 10,985 shares. Swiss National Bank now owns 3,534,977 shares of the technology company's stock worth $543,786,000 after buying an additional 100,700 shares during the period. Texas Permanent School Fund accumulated 240,213 shares. Charter Company stated it has 10,165 shares or 0.03% of all its holdings. RBC Capital Markets maintained International Business Machines Corp. (NYSE:IBM) for 27,357 shares. It dived, as 58 investors sold PFE shares while 716 reduced holdings. Legal General Public Ltd invested 0.6% of its portfolio in International Business Machines Corp.

IBM disclosed raised trend during the previous trading day. Cutler Management Limited Liability Com holds 40,000 shares or 0.65% of its portfolio. The stock of International Business Machines Corp. The rating was maintained by BMO Capital Markets on Wednesday, August 30 with "Hold".

Analysts have given a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 28% are positive. (NYSE:IBM). California-based Evanson Asset Mngmt Limited Liability Corporation has invested 0.18% in International Business Machines Corp. The stock has an average rating of "Hold" and a consensus target price of $157.12. The firm has "Buy" rating given on Wednesday, July 19 by Standpoint Research. International Business Machines C now has $136.84B valuation. The firm has "Buy" rating given on Friday, January 8 by Stifel Nicolaus. Vanguard Group Inc. now owns 62,228,040 shares of the technology company's stock worth $9,572,538,000 after buying an additional 2,241,818 shares during the period. (NYSE:IBM) earned "Buy" rating by Argus Research on Wednesday, March 22. Wedbush began coverage of the stock by announcing an initial rating of "Neutral". (NYSE:IBM) earned "Market Perform" rating by JMP Securities on Friday, November 20. The rating was upgraded by Citigroup to "Buy" on Tuesday, August 1. The firm earned "Hold" rating on Monday, October 2 by Jefferies. The firm has "Sell" rating given on Wednesday, April 19 by Societe Generale.

Cullen Frost Bankers Inc decreased Raytheon Co New Com (NYSE:RTN) stake by 28,230 shares to 110,204 valued at $17.80M in 2017Q2.

The counter witnessed a trading volume of 1.57 million shares versus an average volume of 1.07 million shares during last trading session. Microsoft Corporation (NASDAQ:MSFT) was raised too. The company's revenue was down 4.7% on a year-over-year basis. The Firm provides a range of engineering, production support, maintenance management and industrial gas turbine overhaul and fix services to the gas and oil and power generation industries. The stock has "Underperform" rating by Macquarie Research on Tuesday, August 25. Therefore 42% are positive. John Wood Group PLC has GBX 1020 highest and GBX 8.40 lowest target. Price Target plays a critical role when it comes to the analysis of a Stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $165.00 target price on shares of International Business Machines Corporation in a report on Wednesday, July 12th. The company was maintained on Thursday, February 11 by BNP Paribas. As per Monday, December 7, the company rating was maintained by Nomura. The firm has "Hold" rating by Credit Suisse given on Thursday, September 14. Jefferies maintained the stock with "Buy" rating in Wednesday, July 13 report. The rating was maintained by Investec with "Hold" on Friday, February 26.

Investors sentiment decreased to 0.82 in Q2 2017. Its up 0.15, from 1 in 2017Q1. The stock declined 0.35% or $0.45 reaching $128.37 on the news. Menta Cap Limited Liability Company holds 0.04% or 133,984 shares. Sns Finance Grp Ltd Liability Co holds 8,135 shares or 0.33% of its portfolio. Maryland Cap Mgmt invested in 182,231 shares. Dimensional Fund L P invested in 0% or 2.46M shares. Texas Yale Capital owns 4,207 shares. 195.01 million shares or 4.58% less from 204.36 million shares in 2017Q1 were reported. Millennium Lc stated it has 51,145 shares. New York State Common Retirement Fund holds 0.02% or 459,500 shares. Mariner Wealth Advsr Lc accumulated 119,865 shares. This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 5.23% over the next few years. PFE's profit will be $3.81B for 14.08 P/E if the $0.64 EPS becomes a reality. The business had revenue of $19.29 billion during the quarter, compared to analysts' expectations of $19.45 billion.

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