Published: Wed, April 18, 2018
Business | By Kate Woods

IBM beats quarterly earnings, revenue estimates

IBM beats quarterly earnings, revenue estimates

Schwab Charles Investment Management Inc. lifted its stake in shares of IBM by 4.7% in the 4th quarter.

IBM actually beat analyst expectations on both revenue and earnings per share for the quarter, but Wall Street didn't take lightly to its $0.04 miss on expectations for full-year 2018 earnings per share. Associated Banc-Corp acquired 2,426 shares as International Business Machs (IBM)'s stock declined 0.39%. The stock decreased 1.19% or $0.16 during the last trading session, reaching $13.33.

Associated Banc-Corp decreased Illinois Tool Wks Inc (NYSE:ITW) stake by 2,775 shares to 44,902 valued at $7.49M in 2017Q4. Wells Fargo maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, April 26. It has underperformed by 41.84% the S&P500. Balyasny Asset Management Limited Liability Co has 104,905 shares for 0.05% of their portfolio. The stock increased 2.10% or $3.31 during the last trading session, reaching $161.2.

Systems (includes systems hardware and operating systems software) - revenues of $1.5 billion, up 8% (up 4% adjusting for currency) driven by growth in IBM Z and Power. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 17, 2017 and is downtrending. IBM underperformed by 24.13% the S&P 500. Maple Capital invested in 3,951 shares or 0.16% of the stock.

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Several institutional investors have recently modified their holdings of the company.

IBM had 2 insider sales and 1 buy since January 31, 2018.

In other IBM news, Director Frederick H. Waddell bought 610 shares of IBM stock in a transaction dated Wednesday, January 31st.

Investors sentiment increased to 1.03 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It increased, as 54 investors sold IBM shares while 604 reduced holdings. 519 rose positions while 156 funds amassed positions. 61,120 are owned by Cap Ltd Liability Company. Chesley Taft Associate Ltd Company holds 0.54% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 41,827 shares. Credit Agricole S A, a France-based fund reported 58,518 shares. Abner Herrman & Brock Lc holds 1.08% in International Business Machines Corporation (NYSE:IBM) or 41,882 shares.

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International Business Machines Corporation (IBM) is a technology company. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 17, 2017 and is downtrending. Diversified owns 3,525 shs. Mcrae Capital Mngmt owns 50,460 shares. Swiss Financial Bank invested in 0% or 289,800 shares. "Takes Position in IBM (NYSE:IBM)" was originally reported by Macon Daily and is the sole property of of Macon Daily. Litman Gregory Asset Limited Liability Company has invested 0.03% in International Business Machines Corporation (NYSE:IBM). Louisiana State Employees Retirement Systems stated it has 525,000 shares or 0.42% of all its holdings. 400 are held by Sageworth Trust.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. The positive are 53%. International Business Machs C now has $145.44 billion valuation. The stock has "Hold" rating by RBC Capital Markets on Monday, November 13. Finally, JPMorgan Chase set a $167.00 price objective on shares of IBM and gave the stock a "neutral" rating in a research report on Friday, January 19th. Cambridge Research Advisors stated it has 0.22% of its portfolio in International Business Machines Corporation (NYSE:IBM). Wells Fargo has "Market Perform" rating and $162.50 target. The firm has "Buy" rating given on Tuesday, December 8 by Jefferies. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company. Cantor Fitzgerald initiated the stock with "Hold" rating in Friday, October 16 report.

Among 18 analysts covering Mattel Inc. The firm earned "Neutral" rating on Tuesday, October 20 by UBS. Six analysts surveyed by Zacks expected $18.72 billion. On Wednesday, January 17 the rating was upgraded by Barclays Capital to "Overweight". S&P Research has "Buy" rating and $168 target. The computer manufacturing company announced $11.31 million value for the 2017Q4. The company rating was maintained by Berenberg on Friday, January 19. The stock of Mattel, Inc. (NYSE:CTL) on Wednesday, June 22 with "Hold" rating. The rating was downgraded by DA Davidson on Thursday, August 3 to "Underperform". On Tuesday, July 18 the stock rating was maintained by Oppenheimer with "Hold". The firm has "Hold" rating by Deutsche Bank given on Tuesday, October 10. The firm earned "Buy" rating on Monday, October 10 by M Partners.

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