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E Fund Management buys 31,993 IBM shares as IBM EPS meets consensus

IBM logoIBM
Sig0.45Sen+0.95Env0.00Soc0.00Gov0.00

E Fund Management Co. Ltd. bought 31,993 shares of IBM, valued at about $8.997 million, according to filings. Cornerstone Financial Management also initiated a position, while Bare Financial Services increased its stake. IBM recently reported quarterly EPS of $2.93, matching consensus, with revenue up 1.1% year over year; analysts expect $12.33 EPS for the year and Argus cut its price target.

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