Today’s Market Runner: International Business Machines Corp. Rises A lot Today, Is Now One of The Best Performer

Today's Market Runner: International Business Machines Corp. Rises A lot Today, Is Now One of The Best Performer

The stock of International Business Machines Corp. (NYSE:IBM) is a huge mover today! About 1.66M shares traded hands. International Business Machines Corp. (NYSE:IBM) has risen 7.35% since April 11, 2016 and is uptrending. It has outperformed by 1.20% the S&P500.
The move comes after 7 months positive chart setup for the $157.84B company. It was reported on Nov, 11 by Barchart.com. We have $235.77 PT which if reached, will make NYSE:IBM worth $74.18 billion more.

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

Out of 22 analysts covering International Business Machines (NYSE:IBM), 7 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 32% are positive. International Business Machines has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, April 19 the stock rating was maintained by Bernstein with “Market Perform”. Deutsche Bank maintained the shares of IBM in a report on Tuesday, October 20 with “Hold” rating. The rating was maintained by JP Morgan with “Neutral” on Tuesday, April 19. Oppenheimer initiated International Business Machines Corp. (NYSE:IBM) on Tuesday, August 16 with “Perform” rating. Bernstein maintained the shares of IBM in a report on Tuesday, July 19 with “Market Perform” rating. The rating was initiated by Cantor Fitzgerald with “Hold” on Friday, October 16. The stock of International Business Machines Corp. (NYSE:IBM) earned “Overweight” rating by Morgan Stanley on Tuesday, October 18. RBC Capital Markets maintained the shares of IBM in a report on Wednesday, October 28 with “Sector Perform” rating. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, July 19. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, July 19.

According to Zacks Investment Research, “IBM is an information technology (IT) company. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The Global Technology Services segment provides IT infrastructure services and business process services. The Global Business Services segment offers professional services and application management services. The Software segment consists primarily of middleware and operating systems software. The Systems and Technology segment provides computing power and storage solutions; and semiconductor technology products and packaging solutions. The Global Financing segment invests in financing assets, leverages with debt and manages the associated risks. IBM is headquartered in Armonk, New York.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.04, from 0.85 in 2016Q1. The ratio turned negative, 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.
Old Point Fincl Services N A accumulated 7,223 shares or 0.68% of the stock. Meridian Investment Counsel reported 7,736 shares or 0.8% of all its holdings. Pittenger & Anderson Incorporated holds 0.34% or 20,560 shares in its portfolio. Philadelphia Tru has invested 1.38% of its portfolio in International Business Machines Corp. (NYSE:IBM). Compton Ri holds 0.74% or 8,718 shares in its portfolio. Gsa Cap Partners Llp reported 3,985 shares or 0.03% of all its holdings. The Massachusetts-based Timber Creek Capital Mngmt Ltd Limited Liability Company has invested 0.08% in International Business Machines Corp. (NYSE:IBM). The Massachusetts-based Grimes And Company has invested 0.52% in International Business Machines Corp. (NYSE:IBM). Oregon Employees Retirement Fund, a Oregon-based fund reported 285,848 shares. Cincinnati Ins last reported 379,855 shares in the company. Moreover, Beacon Capital has 0.01% invested in International Business Machines Corp. (NYSE:IBM) for 746 shares. Trust Communication Of Toledo Na Oh owns 4,328 shares or 0.19% of their US portfolio. Wfg Lp last reported 2,652 shares in the company. South Texas Money Mngmt Ltd has invested 0.04% of its portfolio in International Business Machines Corp. (NYSE:IBM). Moreover, Alpha Windward Lc has 0.15% invested in International Business Machines Corp. (NYSE:IBM) for 1,324 shares.

Insider Transactions: Since August 2, 2016, the stock had 1 buy, and 12 sales for $6.74 million net activity. JETTER MARTIN sold $607,865 worth of stock. $50,177 worth of International Business Machines Corp. (NYSE:IBM) shares were sold by van Kralingen Bridget A. Shares for $427,761 were sold by KELLY JOHN E III on Thursday, October 27. LeBlanc Robert J. had sold 15,708 shares worth $2.55M. Rhodin Michael D. sold $152,310 worth of International Business Machines Corp. (NYSE:IBM) on Thursday, November 3. $961,695 worth of International Business Machines Corp. (NYSE:IBM) was sold by Clementi Erich on Tuesday, August 23. FARR DAVID N also bought $194,904 worth of International Business Machines Corp. (NYSE:IBM) shares.

More notable recent International Business Machines Corp. (NYSE:IBM) news were published by: Forbes.com which released: “International Business Machines Reaches Analyst Target Price” on November 11, 2016, also Fool.com with their article: “Better Buy: International Business Machines Corporation vs. Oracle” published on November 09, 2016, Fool.com published: “International Business Machines Corp: 3 Things You Need to Know” on October 27, 2016. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Fool.com and their article: “International Business Machines Corp. Earnings: The Strategic Makeover Is 40 …” published on October 18, 2016 as well as 247Wallst.com‘s news article titled: “The Mystery Behind the Huge IBM Upgrade at Merrill Lynch” with publication date: November 10, 2016.

IBM Company Profile

International Business Machines Corporation (IBM), incorporated on June 16, 1911, is a technology company. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing.

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