Trading Report: The Bbva Compass Bancshares Inc. Sold shares of EMC Corp. (EMC)

The Bbva Compass Bancshares Inc. Sold shares of EMC Corp. (EMC)

Bbva Compass Bancshares Inc. reduced its stake in shares of EMC Corp. (NYSE:EMC) by 35.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,521 shares of the information technology service provider’s stock after selling 33,638 shares during the period. Bbva Compass Bancshares Inc.’s holdings in EMC Corp. were worth $1,698,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Financial Architects Inc increased its position in 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 valued at $105,000 after buying an additional 3,400 shares during the period. Signaturefd LLC increased its position in EMC Corp. by 5.0% in the second quarter. Signaturefd LLC now owns 3,927 shares of the information technology service provider’s stock valued at $107,000 after buying an additional 186 shares during the period. NEXT Financial Group Inc increased its position in 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 valued at $124,000 after buying an additional 2,500 shares during the period. Hall Laurie J Trustee increased its position in EMC Corp. by 5.1% in the second quarter. Hall Laurie J Trustee now owns 5,560 shares of the information technology service provider’s stock valued at $153,000 after buying an additional 270 shares during the period. Finally, Williams Jones & Associates LLC acquired a new position in EMC Corp. during the first quarter valued at approximately $154,000. Hedge funds and other institutional investors own 79.86% of the company’s stock.

Shares of EMC Corp. (NYSE:EMC) remained flat at $29.05 on Friday. The company’s 50 day moving average is $28.52 and its 200-day moving average is $27.28. EMC Corp. has a 12-month low of $22.99 and a 12-month high of $29.13.

EMC Corp. (NYSE:EMC) last posted its quarterly earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. EMC Corp. had a net margin of 8.55% and a return on equity of 11.98%. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts anticipate that EMC Corp. will post $1.84 EPS for the current fiscal year.

Several equities analysts have commented on the stock. Robert W. Baird restated a “hold” rating on shares of EMC Corp. in a research note on Sunday, September 11th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of EMC Corp. in a research note on Thursday, September 8th. Hilliard Lyons cut shares of EMC Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, September 1st. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of EMC Corp. in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG lifted their price objective on shares of EMC Corp. from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. EMC Corp. has a consensus rating of “Hold” and a consensus price target of $30.84.

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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