$3.43 EPS Expected for International Business Machines Corporation (IBM)

September 15, 2018 - By Ash Maslow

Investors sentiment decreased to 0.9 in 2018 Q2. Its down 0.21, from 1.11 in 2018Q1. It fall, as 62 investors sold International Business Machines Corporation shares while 617 reduced holdings. 120 funds opened positions while 493 raised stakes. 489.70 million shares or 2.28% less from 501.15 million shares in 2018Q1 were reported.
Drexel Morgan & accumulated 10,933 shares or 1.53% of the stock. Kings Point Mgmt holds 0.03% in International Business Machines Corporation (NYSE:IBM) or 1,076 shares. Portland Glob Advsr Ltd reported 1.09% of its portfolio in International Business Machines Corporation (NYSE:IBM). 4,521 were accumulated by Spc Financial Inc. Texas-based Sentinel Lba has invested 0.92% in International Business Machines Corporation (NYSE:IBM). Reik Limited Liability, a New York-based fund reported 3,272 shares. Zeke Advsr Ltd Company holds 0.12% in International Business Machines Corporation (NYSE:IBM) or 9,427 shares. Inverness Counsel Limited Company New York holds 0.04% or 5,324 shares. Catalyst Advsr Ltd Liability Com has 0.02% invested in International Business Machines Corporation (NYSE:IBM). Amer Economic Planning Group Inc Inc Adv reported 0.12% in International Business Machines Corporation (NYSE:IBM). Gould Asset Management Ltd Liability Ca accumulated 1,600 shares or 0.1% of the stock. Chesley Taft And Associate Ltd Com invested in 0.53% or 43,971 shares. Blackrock Inc reported 0.38% in International Business Machines Corporation (NYSE:IBM). Meeder Asset Mgmt holds 0% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 44,523 shares. Sirios Mngmt Limited Partnership holds 306,197 shares or 2.22% of its portfolio.

Since August 3, 2018, it had 0 insider buys, and 1 insider sale for $1.67 million activity.

Analysts expect International Business Machines Corporation (NYSE:IBM) to report $3.43 EPS on October, 16.They anticipate $0.13 EPS change or 3.94 % from last quarter’s $3.3 EPS. IBM’s profit would be $3.13 billion giving it 10.81 P/E if the $3.43 EPS is correct. After having $3.08 EPS previously, International Business Machines Corporation’s analysts see 11.36 % EPS growth. The stock decreased 0.42% or $0.62 during the last trading session, reaching $148.33. About 3.45M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 0.56% since September 15, 2017 and is uptrending. It has underperformed by 15.06% the S&P500.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Among 7 analysts covering IBM (NYSE:IBM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. IBM had 9 analyst reports since March 21, 2018 according to SRatingsIntel. The rating was maintained by J.P. Morgan on Wednesday, April 18 with “Hold”. The stock of International Business Machines Corporation (NYSE:IBM) has “Market Perform” rating given on Monday, July 30 by Wells Fargo. The company was maintained on Thursday, July 19 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, April 17 by RBC Capital Markets. The company was maintained on Thursday, July 19 by BMO Capital Markets. Stifel Nicolaus maintained it with “Buy” rating and $18200 target in Wednesday, April 18 report. Morgan Stanley maintained the shares of IBM in report on Wednesday, March 21 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Thursday, July 19.

International Business Machines Corporation provides information technology services and products worldwide. The company has market cap of $135.39 billion. The Company’s Cognitive Solutions segment includes Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers. It has a 23.89 P/E ratio. The companyÂ’s Cognitive Solutions segment also offers data and analytics solutions, including analytics and data management platforms, cloud data services, enterprise social software, talent management solutions, and solutions tailored by industry; and transaction processing software that runs mission-critical systems in banking, airlines, and retail industries.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “Better Buy: Cisco Systems, Inc. vs. IBM” on September 11, 2018, also Seekingalpha.com with their article: “IBM’s Unreasonable Price” published on August 30, 2018, Seekingalpha.com published: “IBM: Is Now The Right Time?” on August 27, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM’s Price Makes Sense For Shareholders” published on September 13, 2018 as well as Fool.com‘s news article titled: “3 Dividend Stocks Perfect for Retirees” with publication date: September 13, 2018.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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