Institutional Investor Sentiment About International Business Machines Corp (NYSE:IBM) Up

Sentiment for International Business Machines Corp (NYSE:IBM)

International Business Machines Corp (NYSE:IBM) institutional sentiment decreased to 0.98 in Q2 2019. Its down -0.05, from 1.03 in 2019Q1. The ratio is negative, as 575 hedge funds increased or started new holdings, while 585 reduced and sold holdings in International Business Machines Corp. The hedge funds in our partner’s database now own: 472.00 million shares, down from 473.01 million shares in 2019Q1. Also, the number of hedge funds holding International Business Machines Corp in their top 10 holdings decreased from 41 to 35 for a decrease of 6. Sold All: 53 Reduced: 532 Increased: 460 New Position: 115.

International Business Machines Corporation provides information technology services and products worldwide. The company has market cap of $127.26 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 14.83 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.

The stock increased 0.02% or $0.03 during the last trading session, reaching $143.65. About 1.44M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 1.89% since September 13, 2018 and is uptrending. It has outperformed by 1.89% the S&P500.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 15. They expect $2.70 EPS, down 21.05 % or $0.72 from last year’s $3.42 per share. IBM’s profit will be $2.39B for 13.30 P/E if the $2.70 EPS becomes a reality. After $3.17 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts -14.83 % negative EPS growth.

Rwwm Inc. holds 12.21% of its portfolio in International Business Machines Corporation for 318,880 shares. American Investment Services Inc. owns 154,035 shares or 6.74% of their US portfolio. Moreover, American Research & Management Co. has 5.67% invested in the company for 137,317 shares. The Virginia-based Greylin Investment Mangement Inc has invested 5.13% in the stock. Beddow Capital Management Inc, a California-based fund reported 57,668 shares.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Ratings analysis reveals 56% of Int`l Business Machines’s analysts are positive. Out of 9 Wall Street analysts rating Int`l Business Machines, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $140 while the high is $17500. The stock’s average target of $158.56 is 10.38% above today’s ($143.65) share price. IBM was included in 11 notes of analysts from March 19, 2019. Bank of America maintained International Business Machines Corporation (NYSE:IBM) rating on Monday, August 5. Bank of America has “Buy” rating and $17000 target. The rating was maintained by Wells Fargo on Tuesday, August 6 with “Market Perform”. The stock has “Overweight” rating by Morgan Stanley on Thursday, August 1. The company was maintained on Monday, August 5 by Nomura. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by Citigroup on Wednesday, April 17. Nomura maintained the stock with “Buy” rating in Thursday, July 18 report. On Wednesday, April 17 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock has “Neutral” rating by JP Morgan on Thursday, July 18.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Finance.Yahoo.com which released: “Investors Who Bought International Business Machines (NYSE:IBM) Shares Five Years Ago Are Now Down 30% – Yahoo Finance” on August 18, 2019, also Finance.Yahoo.com with their article: “3 Reasons Why IBM Stock May Thrive – Yahoo Finance” published on September 06, 2019, Finance.Yahoo.com published: “IBM Study: The Skills Gap is Not a Myth, But Can Be Addressed with Real Solutions – Yahoo Finance” on September 06, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “IBM Unveils z15 Mainframe, With a Focus on Data Privacy – Motley Fool” published on September 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “IBM and Å KODA AUTO University Collaborate on new Digital Skills for Students – Yahoo Finance” with publication date: September 11, 2019.

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

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