Erich Clementi Insider Sell Transaction
Erich Clementi, Senior Vice President of International Business Machines Corp. (NYSE:IBM)
138.54 +1.80 1.32%
is the insider, Octafinance want to disclose transactions for. Mr. Erich submitted a report with the (SEC) making public a transaction for 16,400 shares of the -listed International Business Machines Corp, the one he is an insider in. At the time of the selling transaction, the average stock price of International Business Machines Corp was $137.3, making the insider trade worth $2,251,537 U.S. Dollars. The probability of this transaction staying undiscovered is very low as it’s huge one, with Erich Clementi now having 20,198 shares — that is 0.00 % of the Company’s market capitalization.
International Business Machines Corp Stock Rating, Sentiment and Fundamentals
The significant sum of the sale could denote that Mr. Erich Clementi is a pessimist about the stock price of the Company. Twenty four stock analysts anticipate that the year-on-year growth rate could be not more than 7.25% with $14.93 per share in 2015, giving the company a PE ratio of 9.27.
Rating & Sentiment
PsychSignal Social:
SELL
Analysts Rating:
BUY
Hedge Funds Sentiment:
NEUTRAL
Stock Fundamentals
Earnings + FCF Trend:
NEUTRAL
Sector/Industry Macro:
BULLISH
Valuation Models:
-
Technical Analysis
ST Trend:
DOWN
MT Trend:
DOWN
LT Trend:
DOWN
OctaFinance Rating*:
SELL
* Read How Our Stock Ratings System Works
We don’t simply rate the stock as a -SELL- because of Erich’s new stock deal. We also rate it in accordance to our time-momentum model. Over the last 200 days alone the International Business Machines Corp’s stock price has went down 9.38 % and continues to smoothly trend down.
Price Chart of International Business Machines Corp NYSE:IBM Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
As of Q2 2015, 1607 hedge funds and institutional investors owned shares of International Business Machines Corp. The institutional ownership of International Business Machines Corp’s stock in Q2 2015 is extremely high, at 57.05 % of the shares outstanding. They decreased by 188.24 million the total shares they hold. As of that quarter these investment managers owned 553.42 million shares. A total of 106 funds opened new positions in International Business Machines Corp and 528 increased their holdings. There were 66 funds that closed their positions and 760 that reduced them.
The stock is Top 10 in 103 of them. Some of them are: Aimz Investment Advisors Llc, American Research & Management Co., Canal Insurance Co, Griffin Asset Management Inc., Academy Capital Management Inc Tx, Azimuth Capital Management Llc, Beddow Capital Management Inc, Charter Trust Co, Community Bank N.A., Old West Investment Management Llc.
Aimz Investment Advisors Llc is the most positive institutional investor on International Business Machines Corp, with ownership of 25,046 shares as of Q2 2015 for 3.54% of the fund’s portfolio. American Research & Management Co. is another positive institutional manager possessing 67,704 shares of the company or 4.47% of their stocks portfolio. The stock is also 3.2% of the fund’s AUM. In addition Canal Insurance Co have 4.59% of their stock portfolio invested in the company for 83,000 shares. The New York-based fund Griffin Asset Management Inc. revealed it had purchased a stake worth 5.13% of the fund’s stock portfolio in International Business Machines Corp. The Texas-based fund Academy Capital Management Inc Tx is also very positive about the public company, possessing 143,738 shares or 4.84% of their stock portfolio.
International Business Machines Corp NYSE:IBM Company Profile
International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users’ business operations. Its IBM Watson Health Cloud platform collects clinical, research and social data from a range of health sources and creates a cloud-based data sharing hub.
Company Website: International Business Machines Corp
International Business Machines Corp was created in New York on 1911-06-16. As of writing its market value is: $134.36 billion and it has 982.59 million outstanding shares. Now the company has 59.72% shareholders and the institutional ownership stands at 59.72%. This company has 379592 employees. The stock closed at $138.5 yesterday and it had average 2 days volume of 1058466 shares. It is down from the 30 days average shares volume of 1305488. International Business Machines Corp has a 52 weeks low of $131.65 and a 52weeks high of $176.29. The current price is below the 200 days simple moving average. International Business Machines Corp last issued its quarterly earnings data on 10/19/2015. The company reported 3.34 EPS for the quarter, above the consensus estimate of 3.33 by 0.01. The company had a revenue of 19.28 billion for 9/30/2015 and 20.81 billion for 6/30/2015. Therefore, the revenue was -1,534,000,000 down.
* Phantom stock units (“units”) convert to the cash value of the company’s common stock on a one-for-one basis.
* Intra-plan transfer under the IBM Excess 401(k) Plus Plan.
* Distribution of phantom stock units under the IBM Excess 401(k) Plus Plan is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan.
The post Insider Deal: International Business Machines Corp. (NYSE:IBM)’s Senior Vice President Erich Clementi Unloaded 16,400 shares appeared first on Octafinance.