International Business Machines Corp. (IBM) Holdings Lifted by Andra AP fonden

Andra AP fonden lifted its stake in International Business Machines Corp. (NYSE:IBM) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,600 shares of the technology company’s stock after purchasing an additional 4,501 shares during the period. Andra AP fonden’s holdings in International Business Machines were worth $15,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Herndon Capital Management LLC boosted its holdings in shares of International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in shares of International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the last quarter. ETF Managers Group LLC bought a new position in shares of International Business Machines during the 2nd quarter valued at about $121,000. Peddock Capital Advisors LLC boosted its holdings in shares of International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the last quarter. Finally, Horan Securities Inc. raised its position in shares of International Business Machines by 845.5% during 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 in the last quarter. 57.34% of the stock is owned by institutional investors.

International Business Machines Corp. (IBM) traded up $1.87 during trading hours on Friday, hitting $167.34. 3,664,496 shares of the stock traded hands, compared to its average volume of 6,170,000. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $154,920.00, a P/E ratio of 27.39, a P/E/G ratio of 2.42 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same period in the previous year, the firm posted $5.01 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. research analysts forecast that International Business Machines Corp. will post 13.82 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Royal Bank of Canada restated a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. Cantor Fitzgerald restated a “hold” rating and set a $152.00 target price on shares of International Business Machines in a research report on Friday, January 19th. Zacks Investment Research lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. set a $167.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $170.00 price objective (up from $167.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. International Business Machines currently has a consensus rating of “Hold” and an average target price of $164.37.

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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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