IBM's quarterly revenue falls almost 3 pct

IBM's quarterly revenue falls almost 3 pct

IBM's quarterly revenue falls almost 3 pct

They now have a $166.00 price objective on the technology company's stock. BMO Capital Markets' price target points to a potential upside of 2.05% from the company's previous close.

A number of other analysts have also weighed in on IBM.

Previously on 4/10/2017, Vetr Inc. reported on International Business Machines Corp. Finally, Bank of America Corp raised shares of International Business Machines Corp. from a "neutral" rating to a "buy" rating in a report on Tuesday, January 31st. (NYSE:IBM) shares with value of $194,904 were bought by FARR DAVID N. Rhodin Michael D. also sold $152,310 worth of International Business Machines Corp.

International Business Machines has 943,212,000 shares in issue which have a share price of 161.87 giving International Business Machines a market capitalisation of 152.68B Dollars.

The current consensus rating on International Business Machines Corp. As of 2017-04-17, 9 have a Strong Buy rating on the stock, 1 have a Buy rating, 3 have a Hold rating and 1 have a Sell or Strong Sell. Lsv Asset Mgmt stated it has 0.77% in International Business Machines Corp.

Shares of International Business Machines Corp. (NYSE:IBM) suffered year-over-year drop in revenue for the 20 consecutive quarter. State Of Wisconsin Investment Board acquired 40,217 shares as International Business Machs (IBM)'s stock rose 5.32%. International Business Machines Corp. has a 12-month low of $142.50 and a 12-month high of $182.79. While the stock price moved along with the volume change, shares are touching $162.31 at the time of writing.

In other news, insider James J. Kavanaugh sold 559 shares of International Business Machines Corp. stock in a transaction on Tuesday, February 7th.

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03/16/2017 - International Business Machines Corporation had its " rating reiterated by analysts at Morgan Stanley.

IBM (NYSE: IBM) recently named 11 new IBM Fellows, the company's highest technical honor.

International Business Machines Corporation (IBM) has a market capitalization of 159.9 Billion which suggests the company is a huge company further suggesting that the shares of International Business Machines Corporation (IBM) are stable and safe compared to the lower market capitalization companies. The business had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.37 billion. The business accounted for about 45 percent of total revenue. Cloud-as-a-Service annual exit run rate rose to $8.6 billion in the quarter, up 59% from previous year (up 61% adjusting for currency). Over the past 6 months 1 sell-side analysts have lowered their long term earnings per share estimates on the stock. $342,262 worth of International Business Machines Corp. Credit Suisse maintained the shares of IBM in report on Tuesday, July 19 with "Underperform" rating. If you are accessing this story on another website, it was stolen and republished in violation of United States and global copyright and trademark laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/04/20/international-business-machines-corp-s-ibm-hold-rating-reaffirmed-at-oppenheimer-holdings-inc.html. Following the completion of the sale, the insider now owns 29,856 shares of the company's stock, valued at $5,323,623.36.

International Business Machines Corporation (IBM) is a technology company. The shares were sold at an average price of $179.18, for a total transaction of $895,900.00. The disclosure for this sale can be found here. For the week, the stock is performing -0.67%. Finally, Capital Analysts LLC increased its stake in shares of International Business Machines Corp.by 5.5% in the fourth quarter. Investors are expecting that Merck & Company, Inc.

The share of International Business Machines Corporation (IBM) now has a value of $169.53 while the company's 52 week low is at $137.69, the shares dropped to the 52 week low on 06/27/16. Evanson Asset Management LLC now owns 5,125 shares of the technology company's stock worth $814,000 after buying an additional 1,050 shares in the last quarter. Chesley Taft & Associates LLC boosted its position in International Business Machines Corp.by 0.5% in the third quarter. CWM LLC now owns 2,339 shares of the technology company's stock worth $372,000 after buying an additional 95 shares during the last quarter.

On 7/28/2015 International Business Machines Corp. announced a quarterly dividend of $1.30 with an ex dividend date of 8/6/2015 which will be payable on 9/10/2015. Parametrica Management Ltd now owns 2,742 shares of the technology company's stock worth $477,000 after buying an additional 937 shares during the last quarter. Institutional investors and hedge funds own 58.65% of the company's stock.

"IBM's continued commitment to research and innovation has been an engine for scientific, technological and societal progress, and for our company's success for more than 100 years", said Ginni Rometty, IBM chairman, president and CEO.

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