IBM full-year profit forecast misses, shares fall

Federico Mansilla
Abril 18, 2018

The company had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share.

Multiple company employees have indulged in significant insider trading. Sumitomo Mitsui owns 2.91 million shares for 0.58% of their portfolio. McKesson Corporation (NYSE:MCK) has declined 6.57% since April 17, 2017 and is downtrending. It has underperformed by 41.84% the S&P500. Halsey Associates Inc bought 7,009 shares as the company's stock declined 0.39% with the market.

The company's profit came in at $1.68 billion, or $1.81 per share. Premier Asset Managment Llc who had been investing in International Business Machs for a number of months, seems to be bullish on the $145.44B market cap company.

The stock dropped 5.7 percent following the report, blunting a 1.9 percent advance in regular trading Tuesday.

The Alaska Air Group, Inc. exchanged hands with 2808774 shares compared to its average daily volume of 2.69M shares. It has underperformed by 24.13% the S&P500.

Founders Capital Management Llc, which manages about $193.00M and $225.87 million US Long portfolio, upped its stake in Alphabet Class C by 6,272 shares to 9,897 shares, valued at $10.36M in 2017Q4, according to the filing. Horan Capital Advisors LLC. bought a new position in shares of IBM during the 3rd quarter worth approximately $136,000.

Since January 31, 2018, it had 1 insider buy, and 2 sales for $2.69 million activity.

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Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold.

Investors sentiment increased to 1.03 in 2017 Q4. Its down 0.64, from 1.21 in 2017Q3. 54 investors sold all, 604 reduced holdings as IBM ratio increased. 156 funds opened positions while 519 raised stakes. 159.91 million shares or 1.31% less from 162.04 million shares in 2017Q3 were reported. IBM reported adjusted earnings of 2.45 per share, beating the consensus estimate of $2.41. Balyasny Asset Management Llc, a Illinois-based fund reported 23,134 shares. Moreover, Curbstone Fincl has 0.43% invested in International Business Machines Corporation (NYSE:IBM) for 5,038 shares.

Shares of NYSE:IBM opened at $157.89 on Tuesday. Kings Point Mgmt stated it has 0.04% of its portfolio in International Business Machines Corporation (NYSE:IBM). Joel Isaacson & Company Lc owns 95,249 shares. It also increased its holding in Proteostasis Therapeutics In by 522,543 shares in the quarter, for a total of 550,043 shares, and has risen its stake in Star Bulk Carriers Corp. Goldman Sachs Gp invested in 0% or 189,460 shares. Dearborn Ltd Liability Corporation accumulated 161,661 shares.

For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the goal of comparing a International Business Machines Corporation (NYSE:IBM)'s profitability or to compare the efficiency of different investments, hence, IBM return on investment (ROI) is 17.40%. Oregon-based Orca Investment Mngmt Ltd Liability has invested 2.28% 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. Stock Yards Bank & Trust Trust has invested 0.35% of its portfolio in General Electric Company (NYSE:GE).

In related news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. Therefore 39% are positive. 25 are the (NYSE:IBM)'s analyst reports since October 18, 2017 according to StockzIntelligence Inc. Berenberg maintained the shares of IBM in report on Friday, January 19 with "Sell" rating. JPMorgan Chase set a $167.00 target price on IBM and gave the company a neutral rating in a research report on Friday, January 19th. As per Friday, January 15, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating given on Friday, October 9 by Drexel Hamilton.

IBM's reported GAAP and operating (non-GAAP) tax rates for the first quarter include a $0.8 billion discrete tax benefit. Nomura has "Reduce" rating and $14 target. On Tuesday, July 18 the stock rating was maintained by Oppenheimer with "Hold".

Among 18 analysts covering Mattel Inc. (NASDAQ:TXMD) earned "Buy" rating by Jefferies on Tuesday, November 22. The rating was upgraded by Barclays Capital on Wednesday, January 17 to "Overweight". The rating was maintained by Cantor Fitzgerald with "Hold" on Tuesday, April 19. The firm has "Hold" rating given on Wednesday, July 19 by UBS. The rating was maintained by Jefferies on Friday, February 2 with "Hold". The stock of Greenhill & Co., Inc. The firm earned "Sell" rating on Thursday, June 22 by Jefferies. The rating was downgraded by DA Davidson on Thursday, August 3 to "Underperform". As per Wednesday, April 26, the company rating was maintained by Wells Fargo. The rating was maintained by Jefferies on Monday, September 21 with "Buy".

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