Morgan Dempsey Capital Management Boosted Intl Business Machines (IBM) Stake, Techne Has 0.92 Sentiment

June 19, 2017 - By Hazel Jackson

Bio-Techne Corporation develops, manufactures and sells biotechnology reagents and instruments for the research and clinical diagnostic markets. The company has market cap of $4.20 billion. The Firm operates through three divisions: Biotechnology, Clinical Controls and Protein Platforms. It has a 60.05 P/E ratio. The Biotechnology segment develops, makes and sells biotechnology research and diagnostic products, such as cytokines, growth factors, immunoassays, antibodies and related reagents, across the world.

Morgan Dempsey Capital Management Llc increased Intl Business Machines (IBM) stake by 20.71% reported in 2016Q4 SEC filing. Morgan Dempsey Capital Management Llc acquired 3,654 shares as Intl Business Machines (IBM)’s stock declined 15.88%. The Morgan Dempsey Capital Management Llc holds 21,294 shares with $3.54 million value, up from 17,640 last quarter. Intl Business Machines now has $147.08B valuation. The stock rose 0.22% or $0.34 reaching $155.72 per share. About 704 shares traded. International Business Machines Corp. (NYSE:IBM) has risen 4.86% since June 19, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Since February 7, 2017, it had 1 buy, and 2 selling transactions for $732,394 activity. OWENS JAMES W also bought $263,180 worth of International Business Machines Corp. (NYSE:IBM) on Tuesday, May 16. Gherson Diane J also sold $895,900 worth of International Business Machines Corp. (NYSE:IBM) on Monday, February 13. Shares for $99,674 were sold by KAVANAUGH JAMES J.

Among 26 analysts covering International Business Machines (NYSE:IBM), 7 have Buy rating, 5 Sell and 14 Hold. Therefore 27% are positive. International Business Machines had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, October 20. The rating was maintained by Stifel Nicolaus on Thursday, January 12 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Friday, January 8. The stock of International Business Machines Corp. (NYSE:IBM) earned “Underperform” rating by Credit Suisse on Tuesday, July 19. Citigroup maintained International Business Machines Corp. (NYSE:IBM) on Wednesday, October 21 with “Neutral” rating. The company was maintained on Wednesday, March 22 by Argus Research. The firm earned “Sell” rating on Tuesday, April 4 by Berenberg. The rating was maintained by Citigroup on Tuesday, July 19 with “Neutral”. The stock of International Business Machines Corp. (NYSE:IBM) has “Sector Perform” rating given on Wednesday, October 28 by RBC Capital Markets. The firm has “Neutral” rating by UBS given on Tuesday, July 19.

Investors sentiment is 0.91 in Q4 2016. Its the same as in 2016Q3. It has no change, as 83 investors sold IBM shares while 629 reduced holdings. only 113 funds opened positions while 533 raised stakes. 547.10 million shares or 2.12% more from 535.77 million shares in 2016Q3 were reported. Shamrock Asset Ltd Liability Corp holds 0.02% in International Business Machines Corp. (NYSE:IBM) or 160 shares. Rodgers Brothers has invested 0.82% of its portfolio in International Business Machines Corp. (NYSE:IBM). Greenwood Cap Associates Limited Com has invested 0.96% of its portfolio in International Business Machines Corp. (NYSE:IBM). Blackrock Japan Ltd invested 0.72% of its portfolio in International Business Machines Corp. (NYSE:IBM). Moreover, Martin & Co Incorporated Tn has 0.68% invested in International Business Machines Corp. (NYSE:IBM) for 12,670 shares. At Comml Bank has invested 0.32% of its portfolio in International Business Machines Corp. (NYSE:IBM). The Massachusetts-based Wilkins Invest Counsel has invested 0.91% in International Business Machines Corp. (NYSE:IBM). Yhb Invest Advsr Incorporated has 0.23% invested in International Business Machines Corp. (NYSE:IBM) for 6,639 shares. Glovista Limited invested in 2,076 shares or 0.06% of the stock. Mitchell Mcleod Pugh And Williams Incorporated holds 0.8% or 5,968 shares. Vaughan David Inc Il invested in 153,512 shares. Mitsubishi Ufj Bk Corp invested in 0.66% or 1.90M shares. Davis R M reported 18,094 shares or 0.14% of all its holdings. 34,953 were accumulated by Richard Bernstein Advsrs Limited Co. Missouri-based Ent Financial Corp has invested 0.48% in International Business Machines Corp. (NYSE:IBM).

Since January 1, 0001, it had 0 buys, and 9 selling transactions for $1.29 million activity.

Analysts await BIO-TECHNE Corp (NASDAQ:TECH) to report earnings on August, 16. They expect $0.92 EPS, up 5.75% or $0.05 from last year’s $0.87 per share. TECH’s profit will be $34.61M for 30.33 P/E if the $0.92 EPS becomes a reality. After $0.89 actual EPS reported by BIO-TECHNE Corp for the previous quarter, Wall Street now forecasts 3.37% EPS growth.

Brown Capital Management Llc holds 3.44% of its portfolio in BIO-TECHNE Corp for 2.29 million shares. Summit Creek Advisors Llc owns 191,214 shares or 3.36% of their US portfolio. Moreover, Stone Run Capital Llc has 2.87% invested in the company for 42,925 shares. The Minnesota-based Mairs & Power Inc has invested 1.81% in the stock. First Light Asset Management Llc, a Minnesota-based fund reported 38,502 shares.

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