EMC Corp. (NYSE:EMC) has been assigned a consensus rating of “Hold” from the twenty-seven analysts that are currently covering the stock. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $31.10.
EMC has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a “hold” rating on shares of EMC Corp. in a research report on Sunday, September 11th. Drexel Hamilton reaffirmed a “buy” rating on shares of EMC Corp. in a research report on Sunday, July 24th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of EMC Corp. in a research report on Wednesday, August 31st. Deutsche Bank AG boosted their target price on EMC Corp. from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 25th. Finally, Argus reaffirmed a “hold” rating on shares of EMC Corp. in a research report on Friday, July 22nd.
Institutional investors have recently modified their holdings of the company. Sun Life Financial INC bought a new position in shares of EMC Corp. during the first quarter worth about $66,678,000. Cubist Systematic Strategies LLC bought a new position in shares of EMC Corp. during the second quarter worth about $100,000. Financial Architects Inc boosted its position in shares of EMC Corp. by 769.2% in the second quarter. Financial Architects Inc now owns 3,842 shares of the information technology service provider’s stock worth $105,000 after buying an additional 3,400 shares during the last quarter. Signaturefd LLC boosted its position in shares of EMC Corp. by 5.0% in the second quarter. Signaturefd LLC now owns 3,927 shares of the information technology service provider’s stock worth $107,000 after buying an additional 186 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its position in shares of EMC Corp. by 121.1% in the second quarter. NEXT Financial Group Inc now owns 4,564 shares of the information technology service provider’s stock worth $124,000 after buying an additional 2,500 shares during the last quarter. 79.86% of the stock is owned by institutional investors and hedge funds.
EMC Corp. (NYSE:EMC) opened at 29.05 on Tuesday. EMC Corp. has a 1-year low of $22.99 and a 1-year high of $29.00. The stock has a 50 day moving average price of $28.53 and a 200 day moving average price of $27.32.
EMC Corp. (NYSE:EMC) last announced its earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6 billion. EMC Corp. had a return on equity of 11.98% and a net margin of 8.55%. EMC Corp.’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Equities research analysts predict that EMC Corp. will post $1.84 EPS for the current year.
EMC Corp. Company Profile
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream.
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