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IBM stock up after hours following earnings, revenue beat

18 October 2017

During the past six months, International Business Machines Corporation (NYSE:IBM)'s stock has been -9.37% and -5.32% for the last 12 months. Investors may opt to study a variety of different indicators in order to gain further insight on company share action. NetSol Technologies Inc. (NTWK) has declined 27.07% since October 18, 2016 and is downtrending.

Partnervest Advisory Services Llc decreased its stake in International Business Machs (IBM) by 8.85% based on its latest 2017Q2 regulatory filing with the SEC. (NYSE:IBM). Banced Corporation invested 0.45% in International Business Machines Corp. About 20.33 million shares traded or 452.45% up from the average. International Business Mach Corp now has $136.57 billion valuation. About 24,252 shares traded. Moreover, First Foundation Advsr has 0.08% invested in International Business Machines Corp. Extended Stay America Inc (NYSE:STAY) has risen 30.00% since October 18, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Since May 16, 2017, it had 1 insider buy, and 0 insider sales for $263,180 activity. OWENS JAMES W bought $263,180 worth of stock.

To punctuate the point, we are $0.10 below consensus for 2H 2017, despite modeling only a 12% tax rate, notably below IBM's guidance (*before* discrete items) of 15%. Its up 0.40, from 1.86 in 2017Q1. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/18/advisor-partners-llc-sells-811-shares-of-international-business-machines-corporation-ibm.html. Renaissance Grp Ltd Co accumulated 177,565 shares. Mairs & Power Inc accumulated 177,629 shares. (NYSE:IBM) for 1,419 shares. (NYSE:IBM) for 10,603 shares. S&Co Inc owns 16,896 shares for 0.34% of their portfolio. UBS AG set a $160.00 price objective on shares of International Business Machines Corporation and gave the company a "neutral" rating in a research report on Wednesday. (NYSE:IBM). Pggm Invests owns 1.59M shares. Finance Serv, Missouri-based fund reported 5,979 shares. Washington Trust invested 0.45% of its portfolio in International Business Machines Corp. After a recent check, the 14-day RSIfor International Business Machines (IBM) is now at 82.78, the 7-day stands at 90.16, and the 3-day is sitting at 95.97. It is very possible that the analysts who continue to hate IBM might be holding on to a grudge for too long. Wright Service has 15,035 shares. Raytheon Company (New) (NYSE:RTN) was raised too.

Among 3 analysts covering Equity Commonwealth (NYSE:EQC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 28% are positive.

Is International Business Machines Corporation (NYSE:IBM) Cheap From Peers?

Despite this weak performance, Ramnani believes investors might consider owning the stock leading up to the IBM 3Q17 earnings release tonight, although he has a Sector Weight rating on it. The firm has "Neutral" rating given on Tuesday, October 18 by Goldman Sachs. The firm earned "Buy" rating on Wednesday, July 19 by Standpoint Research. RBC Capital Markets has "Hold" rating and $16000 target.

BMO Capital Markets maintained its Market Perform rating but has a $170 target price. The firm has "Underweight" rating by Barclays Capital given on Wednesday, October 14. The company was maintained on Wednesday, April 12 by Bernstein. According to their predictions high & low revenue estimates are 22.55 Billion and 20.85 Billion respectively.

International Business Machines Corporation (IBM) is a technology company. (NYSE:IBM). Harvest Cap Mngmt reported 2,328 shares. Citigroup maintained the stock with "Neutral" rating in Wednesday, October 21 report.

Since May 1, 2017, it had 0 buys, and 14 insider sales for $1.74 million activity. (NYSE:IBM) earned "Underperform" rating by Jefferies on Tuesday, July 19. (NASDAQ:NTGR) or 417 shares. (NASDAQ:NTGR) was sold by MERRILL MARK G.

Investors sentiment increased to 2.26 in 2017 Q2. Its down 0.54, from 1.53 in 2017Q1. It worsened, as 100 investors sold International Business Machines Corp. shares while 695 reduced holdings. The Global Financing segment invests in financing assets, leverages with debt and manages the associated risks. Dubuque Bancorporation And, a Iowa-based fund reported 200 shares. Silvercrest Asset Mgmt Gru Lc reported 0.37% in NetGear, Inc. Nuveen Asset Management Llc stated it has 0.15% in NetGear, Inc. South Texas Money Management Limited holds 0.02% or 3,162 shares in its portfolio. Rhumbline Advisers owns 191,885 shares. Fulton Bank N.A. now owns 21,612 shares of the technology company's stock valued at $3,136,000 after purchasing an additional 1,555 shares during the period. Barrow Hanley Mewhinney & Strauss Ltd Llc reported 0.01% stake.

IBM stock up after hours following earnings, revenue beat