Can International Business Machines Corp.’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can International Business Machines Corp.'s Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session International Business Machines Corp. (IBM) registered an unusually high (263) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious IBM increase. With 263 contracts traded and 5974 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: IBM170616C00165000 closed last at: $6.45 or 0.8% down. The stock decreased 0.73% or $1.15 during the last trading session, hitting $156.46. About 2.88M shares traded hands. International Business Machines Corp. (NYSE:IBM) has risen 14.79% since March 2, 2016 and is uptrending. It has outperformed by 5.55% the S&P500.

Analysts await International Business Machines Corp. (NYSE:IBM) to report earnings on October, 17. They expect $3.20 EPS, down 4.19% or $0.14 from last year’s $3.34 per share. IBM’s profit will be $3.03B for 12.22 P/E if the $3.20 EPS becomes a reality. After $2.95 actual EPS reported by International Business Machines Corp. for the previous quarter, Wall Street now forecasts 8.47% EPS growth.

International Business Machines Corp. (NYSE:IBM) Ratings Coverage

Out of 21 analysts covering International Business Machines (NYSE:IBM), 6 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 29% are positive. International Business Machines has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Tuesday, July 19 with “Underperform”. Jefferies maintained it with “Underperform” rating and $125 target price in Tuesday, July 19 report. The stock of International Business Machines Corp. (NYSE:IBM) has “Market Perform” rating given on Friday, November 20 by JMP Securities. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, July 19. The stock has “Hold” rating given by Deutsche Bank on Wednesday, January 20. The stock of International Business Machines Corp. (NYSE:IBM) has “Hold” rating given on Friday, October 16 by Cantor Fitzgerald. Goldman Sachs maintained it with “Neutral” rating and $160 target price in Tuesday, September 22 report. As per Wednesday, October 21, the company rating was maintained by Citigroup. The stock of International Business Machines Corp. (NYSE:IBM) earned “Neutral” rating by JP Morgan on Friday, October 2. On Monday, October 5 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.04, from 0.85 in 2016Q1. The ratio dived, as 70 funds sold all International Business Machines Corp. shares owned while 663 reduced positions. 85 funds bought stakes while 507 increased positions. They now own 540.67 million shares or 8.01% less from 587.72 million shares in 2016Q1.
Moreover, Perkins Coie Company has 1.57% invested in International Business Machines Corp. (NYSE:IBM) for 15,656 shares. Diamond Hill Cap Mngmt holds 1.11% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 1.16M shares. Salient Cap Advsrs Llc last reported 30,816 shares in the company. Benin has 6,003 shares for 0.47% of their US portfolio. Park National Oh owns 206,739 shares or 2% of their US portfolio. Smith Chas P And Assocs Pa Cpas holds 2,343 shares or 0.06% of its portfolio. Asset Advisors accumulated 6,499 shares or 0.2% of the stock. Coldstream Capital Management accumulated 0.16% or 5,922 shares. Ls Inv Advsrs Ltd Co holds 0.32% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 30,097 shares. Vigilant Capital Mgmt Limited Liability Corporation holds 2,483 shares or 0.07% of its portfolio. The Tennessee-based New South Cap Inc has invested 0.01% in International Business Machines Corp. (NYSE:IBM). Janus Cap Mgmt Ltd Co holds 0.03% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 221,492 shares. Johnson Invest Counsel Inc last reported 53,050 shares in the company. Krasney Fincl Limited Liability Company has 2,400 shares for 0.08% of their US portfolio. Panagora Asset Mgmt holds 542,912 shares or 0.41% of its portfolio.

Insider Transactions: Since April 20, 2016, the stock had 0 insider purchases, and 10 insider sales for $7.54 million net activity. Di Leo Allen Bruno V also sold $572,644 worth of International Business Machines Corp. (NYSE:IBM) shares. $305,897 worth of International Business Machines Corp. (NYSE:IBM) shares were sold by PICCIANO ROBERT J. Gherson Diane J had sold 2,986 shares worth $438,942. LeBlanc Robert J. sold $2.55 million worth of stock or 15,708 shares. $100,261 worth of International Business Machines Corp. (NYSE:IBM) shares were sold by van Kralingen Bridget A. Clementi Erich had sold 2,984 shares worth $474,458 on Thursday, August 25. KELLY JOHN E III also sold $1.08 million worth of International Business Machines Corp. (NYSE:IBM) shares.

International Business Machines Corporation is a technology company. The company has a market cap of $148.38 billion. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. It has a 12.71 P/E ratio. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment