Taylor Cottrill Erickson & Associates Inc. Sells 4,161 Shares of International Business Machines Corp. (IBM)

Taylor Cottrill Erickson & Associates Inc. lessened its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,119 shares of the technology company’s stock after selling 4,161 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in International Business Machines were worth $2,193,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IBM. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the period. Nordea Investment Management AB lifted its stake in shares of International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after purchasing an additional 1,956,033 shares during the period. Janus Henderson Group PLC lifted its stake in shares of International Business Machines by 1,155.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after purchasing an additional 1,249,916 shares during the period. BlackRock Inc. lifted its stake in shares of International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of International Business Machines by 34.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock worth $418,464,000 after purchasing an additional 696,600 shares during the period. 57.11% of the stock is currently owned by institutional investors.

International Business Machines Corp. (NYSE IBM) traded up $0.02 during trading hours on Thursday, reaching $164.20. The company’s stock had a trading volume of 3,790,000 shares, compared to its average volume of 4,820,000. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corp. has a one year low of $139.13 and a one year high of $182.79. The stock has a market capitalization of $152,010.00, a price-to-earnings ratio of 13.71, a PEG ratio of 2.36 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the company posted $3.29 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. research analysts predict that International Business Machines Corp. will post 13.78 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. Zacks Investment Research raised International Business Machines from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets reaffirmed a “hold” rating on shares of International Business Machines in a research report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $160.00 target price (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Drexel Hamilton reaffirmed a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a research report on Tuesday, October 17th. Finally, ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $160.01.

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About International Business Machines

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.

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

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