Research Reports on IT Services Equities -- Xerox, Intl. Business Machines, Rackspace Hosting, and Sabre

Sep 13, 2016, 07:35 ET from Chelmsford Park SA

NEW YORK, September 13, 2016 /PRNewswire/ -- has its attention directed to Information Technology Services which offers various associated services such as business function outsourcing, data warehousing, systems planning, enterprise resource planning, and training. Stocks in focus today are: Xerox Corp. (NYSE: XRX), International Business Machines Corp. (NYSE: IBM), Rackspace Hosting Inc. (NYSE: RAX), and Sabre Corp. (NASDAQ: SABR). Learn more about these stocks by accessing their free research reports at:


Norwalk, Connecticut headquartered Xerox Corp.'s shares gained 2.29%, closing Monday's trading session at $9.81. The stock recorded a trading volume of 8.06 million shares, which was above its three months average volume of 5.63 million shares. Shares of the Company have advanced 0.37% in the previous three months. The stock is trading 0.53% above its 50-day moving average. Additionally, shares of Xerox, which provides business process and document management solutions worldwide, have a Relative Strength Index (RSI) of 51.40.

On September 08th, 2016, Xerox announced that Brian Webb-Walsh will serve as chief financial officer of Conduent Incorporated, upon completion of the separation of Xerox into two publicly-traded companies at the end of the year. Webb-Walsh is currently the CFO for Xerox Services, responsible for all financial aspects of the business. Free research report on XRX is available at:

International Business Machines  

On Monday, shares in Armonk, New York headquartered International Business Machines Corp. recorded a trading volume of 4.34 million shares, which was above their three months average volume of 3.38 million shares. The stock rose 1.67%, ending the day at $158.29. The Company's shares have advanced 5.54% in the previous three months and 18.33% on an YTD basis. The stock is trading above its 200-day moving average by 10.26%. Furthermore, shares of International Business Machines, which provides information technology products and services worldwide, have an RSI of 45.78.

On September 07th, 2016, Gachon University Gil Medical Center announced that it will adopt IBM Watson for Oncology trained by Memorial Sloan Kettering. The cloud-based platform analyzes large volumes of structured and unstructured data to help physicians offer individualized, data-driven treatment options for cancer patients. This will be the first deployment of IBM Watson in Korea. The complimentary research report on IBM can be downloaded at:

Rackspace Hosting  

San Antonio, Texas headquartered Rackspace Hosting Inc.'s stock finished the day 0.19% higher at $31.54. A total volume of 4.38 million shares was traded, which was higher than their three months average volume of 3.33 million shares. The Company's shares have gained 5.10% in the last one month, 38.39% over the previous three months, and 24.57% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 19.91% and 33.47%, respectively. Additionally, shares of Rackspace Hosting, which through its subsidiaries, provides managed cloud services in the business information technology market worldwide, have an RSI of 71.81.

On August 26th, 2016, Rackspace announced that it has entered into a definitive agreement to be acquired for $32.00 per share in cash by affiliates of certain funds managed by affiliates of Apollo Global Management, LLC. The transaction has a total value of $4.3 billion, which includes the assumption of $43 million of net cash. Upon completion of the transaction, Rackspace will become a privately held company.

Source Link Incorrect

On August 29th, 2016, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Visit us today and access our complete research report on RAX at:


Shares in Southlake, Texas headquartered Sabre Corp. ended yesterday's session 0.75% higher at $28.39. The stock recorded a trading volume of 2.44 million shares. The Company's shares have advanced 5.77% in the last one month, 3.66% in the previous three months, and 2.48% on an YTD basis. The stock is trading 1.34% above its 50-day moving average and 2.96% above its 200-day moving average. Moreover, shares of Sabre, which provides technology solutions to the travel and tourism industry, have an RSI of 53.68.

On August 2nd, 2016, Sabre reported that consolidated Q2 2016 revenue increased 19.5% to $845.2 million compared to $707.1 million for Q2 2015. The company's net income attributable to common stockholders totaled $72.0 million compared to $32.2 million in Q2 2015, an increase of 123.6%. Get free access to your research report on SABR at:


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