Pinnacle Advisory Group Inc. Increases Stake in International Business Machines Corp. (NYSE:IBM)

Pinnacle Advisory Group Inc. increased its position in shares of International Business Machines Corp. (NYSE:IBM) by 19.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,187 shares of the technology company’s stock after purchasing an additional 852 shares during the quarter. Pinnacle Advisory Group Inc.’s holdings in International Business Machines were worth $753,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. New Jersey Better Educational Savings Trust boosted its stake in International Business Machines by 25.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 5,000 shares of the technology company’s stock valued at $725,000 after acquiring an additional 1,000 shares during the last quarter. Highstreet Asset Management Inc. boosted its stake in International Business Machines by 3.1% in the third quarter. Highstreet Asset Management Inc. now owns 75,501 shares of the technology company’s stock valued at $10,954,000 after acquiring an additional 2,291 shares during the last quarter. Cardinal Capital Management boosted its stake in International Business Machines by 4.8% in the third quarter. Cardinal Capital Management now owns 31,466 shares of the technology company’s stock valued at $4,565,000 after acquiring an additional 1,436 shares during the last quarter. Saratoga Research & Investment Management boosted its stake in International Business Machines by 2.8% in the third quarter. Saratoga Research & Investment Management now owns 240,959 shares of the technology company’s stock valued at $34,958,000 after acquiring an additional 6,501 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in International Business Machines by 7.5% in the third quarter. First Trust Advisors LP now owns 1,337,090 shares of the technology company’s stock valued at $193,985,000 after acquiring an additional 93,605 shares during the last quarter. Institutional investors and hedge funds own 57.11% of the company’s stock.

Several research firms have recently issued reports on IBM. UBS Group reissued a “neutral” rating and issued a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Jefferies Group reissued a “sell” rating and issued a $125.00 price target on shares of International Business Machines in a research report on Thursday, September 21st. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target on the stock in a research report on Wednesday, December 6th. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 price target on shares of International Business Machines in a research report on Friday, October 13th. Finally, ValuEngine lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $160.01.

Shares of International Business Machines Corp. (NYSE IBM) opened at $164.20 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The firm has a market cap of $152,010.00, a P/E ratio of 13.71, a P/E/G ratio of 2.36 and a beta of 0.94. International Business Machines Corp. has a twelve month low of $139.13 and a twelve month high of $182.79.

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

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International Business Machines Profile

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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