Executives of IBM and Mastech Digital Increase Stock Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- IBM Executive Purchase: David N. Farr of International Business Machines made a $304,000 purchase of 1,000 shares at $304 each on Friday, currently seeing a 4.1% gain, indicating confidence in the company's future performance.
- Stock Price Increase: As of Monday, IBM's stock is up approximately 3.1% to $316.42, reflecting positive market expectations for its performance and validating Farr's investment decision.
- Mastech Digital Purchase: On the same day, Steven A. Shaw purchased 4,880 shares of Mastech Digital at $6.97 each for a total of $34,013, marking his sixth purchase in the past year, demonstrating ongoing confidence in the company's long-term growth potential.
- Historical Investment Cost: Prior to this transaction, Shaw had invested a total of $160,567 in Mastech Digital over the past 12 months at an average cost of $7.73 per share, underscoring his strong belief in the company's future development.
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Analyst Views on IBM
Wall Street analysts forecast IBM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBM is 315.80 USD with a low forecast of 210.00 USD and a high forecast of 375.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
4 Hold
1 Sell
Moderate Buy
Current: 306.700
Low
210.00
Averages
315.80
High
375.00
Current: 306.700
Low
210.00
Averages
315.80
High
375.00
About IBM
International Business Machines Corporation is a provider of global hybrid cloud and artificial intelligence (AI) and consulting expertise. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. It helps clients in more than 175 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Executives of IBM and Mastech Digital Increase Stock Holdings
- IBM Executive Purchase: David N. Farr of International Business Machines made a $304,000 purchase of 1,000 shares at $304 each on Friday, currently seeing a 4.1% gain, indicating confidence in the company's future performance.
- Stock Price Increase: As of Monday, IBM's stock is up approximately 3.1% to $316.42, reflecting positive market expectations for its performance and validating Farr's investment decision.
- Mastech Digital Purchase: On the same day, Steven A. Shaw purchased 4,880 shares of Mastech Digital at $6.97 each for a total of $34,013, marking his sixth purchase in the past year, demonstrating ongoing confidence in the company's long-term growth potential.
- Historical Investment Cost: Prior to this transaction, Shaw had invested a total of $160,567 in Mastech Digital over the past 12 months at an average cost of $7.73 per share, underscoring his strong belief in the company's future development.
Continue Reading