IBM Profit, Sales Trump Estimates; Shares Up

IBM Profit, Sales Trump Estimates; Shares Up

Its up 0.10, from 0.93 in 2017Q1. It is positive, as 15 investors sold Hortonworks Inc shares while 26 reduced holdings. 91 funds opened positions while 484 raised stakes. Moreover, Schwab Charles Invest Mgmt Incorporated has 0.02% invested in W. R. Grace & Co (NYSE:GRA) for 278,586 shares. Grisanti Capital Management LLC now owns 1,027 shares of the technology company's stock valued at $179,000 after purchasing an additional 20 shares during the period. IBM's asset turnover ratio is 0.72 and the company has financial leverage of 5.26. For the quarter, shares have been noted at -0.67%. Finally, Berenberg Bank reaffirmed a "sell" rating and issued a $125.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. (NYSE:IBM). Loring Wolcott & Coolidge Fiduciary Advsrs Llp Ma has 0.05% invested in International Business Machines Corp. It also increased its holding in United Parcel Service Inc (NYSE:UPS) by 3,741 shares in the quarter, for a total of 317,193 shares, and has risen its stake in Valero Energy Corp New (NYSE:VLO). Lombard Odier Asset Mngmt (Europe) holds 0.02% or 5,357 shares. 30,030 are owned by Cardinal Management. Gotham Asset Management Ltd reported 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP). Community Financial Bank Na owns 380 shares or 0% of their USA portfolio. Citigroup maintained International Business Machines Corp. (NYSE:IBM). Walleye Trading Lc has invested 0.02% in International Business Machines Corp. Out of 16 total analysts who were surveyed, 1 rated it a Moderate sell, 1 rated it a Moderate Buy, 2 rated it a Strong Sell, 8 rated it hold, and 4 rated it a Strong Buy. Therefore 63% are positive. W. R. Grace & Co had 23 analyst reports since August 3, 2015 according to SRatingsIntel. (IBM) Stock ..." published on October 16, 2017 as well as Seekingalpha.com's news article titled: "IBM Shareholders Are Not Going To Be Rewarded" with publication date: "October 11, 2017. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The stock of Electro Scientific Industries, Inc. The firm earned "Buy" rating on Monday, January 11 by Stifel Nicolaus. The firm has "Outperform" rating by Credit Suisse given on Thursday, March 24.

What Does Wall Street Say about Company? The company was downgraded on Wednesday, November 16 by Wells Fargo.

Investors sentiment increased to 1.76 in Q2 2017. Its down 0.50, from 1.21 in 2017Q1.

Want to see what other hedge funds are holding IBM? Mason Street Advsr Limited Liability Company has 0% invested in Electro Scientific Industries, Inc. (NYSE:IBM). Zwj Counsel holds 39,387 shares or 0.48% of its portfolio. 246,035 were reported by Invesco. California State Teachers Retirement Systems invested in 0% or 84,780 shares. Aew Cap Mngmt Limited Partnership, Massachusetts-based fund reported 3.61 million shares.

IBM's shift to newer businesses such as cloud and security services helped it beat analysts' quarterly revenue estimates, and the company said its latest mainframe is getting "enthusiastic adoption". (NASDAQ:ESIO). 41,513 are held by Jacobs Levy Equity.

The P/E ratio is now 13.3319 and market cap is 149.70B.

Beating profit projections wasn't a surprise, since IBM has now done so for 12 straight quarters, but the stock rallying after results is a relative rarity. Susquehanna Intll Grp Llp holds 5,145 shares. Ariel Invs Ltd Liability Company owns 46,987 shares. 34,311 were reported by Comerica National Bank & Trust. Brown Advisory reported 439,545 shares stake. New York-based Citigroup has invested 0% in Electro Scientific Industries, Inc.

Analysts await Electro Scientific Industries, Inc. They expect $0.18 earnings per share, up 160.00% or $0.48 from last year's $-0.3 per share.

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