International Business Machines Corp (NYSE:IBM) Stock Price Down as Sentiment Drops

Sentiment for International Business Machines Corp (NYSE:IBM)

International Business Machines Corp (NYSE:IBM) institutional sentiment decreased to 0.59 in Q4 2018. Its down -0.32, from 0.91 in 2018Q3. The ratio dropped, as 474 investment managers opened new and increased equity positions, while 807 trimmed and sold stakes in International Business Machines Corp. The investment managers in our partner’s database now have: 523.62 million shares, up from 492.69 million shares in 2018Q3. Also, the number of investment managers holding International Business Machines Corp in their top 10 equity positions decreased from 46 to 31 for a decrease of 15. Sold All: 129 Reduced: 678 Increased: 353 New Position: 121.

International Business Machines Corporation provides information technology services and products worldwide. The company has market cap of $123.96 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 14.63 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 decreased 4.02% or $5.84 during the last trading session, reaching $139.3. About 9.76M shares traded or 136.18% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 10.00% since April 17, 2018 and is downtrending. It has underperformed by 14.37% the S&P500.

Rwwm Inc. holds 12.4% of its portfolio in International Business Machines Corporation for 344,906 shares. American Research & Management Co. owns 143,613 shares or 5.5% of their US portfolio. Moreover, American Investment Services Inc. has 5.34% invested in the company for 131,878 shares. The Virginia-based Greylin Investment Mangement Inc has invested 4.92% in the stock. Montgomery Investment Management Inc, a Maryland-based fund reported 76,803 shares.

Since January 1, 0001, it had 5 insider buys, and 0 insider sales for $2.09 million activity.

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International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Ratings analysis reveals 75% of IBM’s analysts are positive. Out of 4 Wall Street analysts rating IBM, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $150 while the high is $17500. The stock’s average target of $163.33 is 17.25% above today’s ($139.3) share price. IBM was included in 7 notes of analysts from October 18, 2018. The firm earned “Buy” rating on Tuesday, October 30 by UBS. On Thursday, October 18 the stock rating was downgraded by Argus Research to “Hold”. The stock of International Business Machines Corporation (NYSE:IBM) earned “Outperform” rating by RBC Capital Markets on Monday, December 17. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by RBC Capital Markets on Monday, November 26.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Investorplace.com which released: “IBM Stock Is On Its Last Legs — Sell, Sell, Sell! – Investorplace.com” on April 11, 2019, also 247Wallst.com with their article: “Do Analysts Think Infosys Is Even Worse Off Than IBM? – 24/7 Wall St.” published on April 16, 2019, Streetinsider.com published: “Pre-Open Stock Movers 04/17: (SFS) (QCOM) (HOLI) Higher; (S) (BK) (NTRA) Lower (more…) – StreetInsider.com” on April 17, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Benzinga.com and their article: “Citigroup Inc. (NYSE:C), CSX Corporation (NYSE:CSX) – Earnings Parade Rolls Along As Citigroup, Goldman Sachs Report And SPX Now Tops 2900 – Benzinga” published on April 15, 2019 as well as Investorideas.com‘s news article titled: “CryptoCorner: Market Stays Strong Over Weekend, Kleinwort Hambros Issues Blockchain ETN, IBM (NYSE: $IBM) and Accenture (NYSE: $ACN) Patent Blockchain Solutions – InvestorIdeas.com” with publication date: April 08, 2019.

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