Greenwood Gearhart Inc. grew its holdings in IBM (NYSE:IBM) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,336 shares of the technology company’s stock after purchasing an additional 4,517 shares during the period. IBM makes up 2.3% of Greenwood Gearhart Inc.’s portfolio, making the stock its 18th biggest position. Greenwood Gearhart Inc.’s holdings in IBM were worth $7,109,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of IBM by 5.4% during the fourth quarter. BlackRock Inc. now owns 57,755,152 shares of the technology company’s stock worth $8,860,797,000 after acquiring an additional 2,960,682 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of IBM by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of IBM by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after acquiring an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of IBM by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after acquiring an additional 1,249,916 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of IBM by 9,678.2% during the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after acquiring an additional 807,553 shares in the last quarter. Institutional investors own 57.01% of the company’s stock.
In related news, insider Erich Clementi sold 13,000 shares of IBM stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $154.66, for a total transaction of $2,010,580.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Diane J. Gherson sold 5,000 shares of IBM stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total value of $780,000.00. Following the sale, the insider now directly owns 20,581 shares in the company, valued at $3,210,636. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
IBM has been the subject of several recent research reports. Zacks Investment Research lowered IBM from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Societe Generale set a $149.00 price objective on IBM and gave the stock a “sell” rating in a report on Friday, January 19th. Barclays upgraded IBM from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $133.00 to $192.00 in a report on Wednesday, January 17th. Cantor Fitzgerald reiterated a “hold” rating and set a $152.00 price objective on shares of IBM in a report on Friday, January 19th. Finally, Morgan Stanley lowered IBM from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $200.00 to $205.00 in a report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $166.01.
Shares of NYSE:IBM opened at $148.79 on Thursday. The stock has a market capitalization of $145,443.19, a PE ratio of 10.78, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. IBM has a 52-week low of $139.13 and a 52-week high of $171.13. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33.
IBM (NYSE:IBM) last released its earnings results on Tuesday, April 17th. The technology company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.03. IBM had a return on equity of 69.48% and a net margin of 7.27%. The business had revenue of $19.07 billion for the quarter, compared to the consensus estimate of $18.80 billion. During the same period last year, the business earned $2.35 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. sell-side analysts predict that IBM will post 13.83 earnings per share for the current year.
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International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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