Founders Financial Securities LLC Purchases New Holdings in International Business Machines Corporation (IBM)

Founders Financial Securities LLC purchased a new position in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent filing with the SEC. The firm purchased 6,160 shares of the technology company’s stock, valued at approximately $948,000.

Other institutional investors have also modified their holdings of the company. Edge Wealth Management LLC grew its holdings in International Business Machines Corporation by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after acquiring an additional 40 shares during the period. Horan Securities Inc. grew its stake in shares of International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares during the period. CKW Financial Group grew its stake in shares of International Business Machines Corporation by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the period. Proficio Capital Partners LLC grew its stake in shares of International Business Machines Corporation by 85.1% in the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares during the period. Finally, Grisanti Capital Management LLC grew its stake in shares of International Business Machines Corporation by 2.0% in the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 57.84% of the company’s stock.

Several analysts have recently commented on the company. Cantor Fitzgerald restated a “hold” rating and issued a $154.00 target price on shares of International Business Machines Corporation in a research note on Friday. Royal Bank Of Canada restated a “hold” rating on shares of International Business Machines Corporation in a research note on Friday. Stifel Nicolaus restated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, October 6th. ValuEngine upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC restated a “sell” rating and issued a $125.00 target price on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. International Business Machines Corporation presently has a consensus rating of “Hold” and a consensus price target of $157.12.

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Shares of International Business Machines Corporation (NYSE:IBM) opened at 147.10 on Monday. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a market cap of $137.09 billion, a PE ratio of 12.21 and a beta of 0.95. The company has a 50 day moving average of $145.27 and a 200-day moving average of $151.70.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.95 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post $13.75 earnings per share for the current year.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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