3,169 Shares in International Business Machines Corp. (IBM) Acquired by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC acquired a new stake in shares of International Business Machines Corp. (NYSE:IBM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,169 shares of the technology company’s stock, valued at approximately $460,000. Jaffetilchin Investment Partners LLC owned approximately 3.42% of International Business Machines as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IBM. Herndon Capital Management LLC lifted its holdings in shares of International Business Machines by 39.0% during the second 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 lifted its holdings in shares of International Business Machines by 5.6% during the second 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 purchased a new position in shares of International Business Machines during the second quarter valued at approximately $121,000. Peddock Capital Advisors LLC lifted its holdings in shares of International Business Machines by 7.3% during the second 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. lifted its holdings in shares of International Business Machines by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares during the last quarter. 57.11% of the stock is currently owned by institutional investors and hedge funds.

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 current ratio of 1.41 and a quick ratio of 1.36. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a market cap of $152,010.00, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94.

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

Several equities analysts have recently issued reports on the stock. Societe Generale set a $152.00 target price on shares of International Business Machines and gave the company a “sell” rating in a report on Friday. BMO Capital Markets reiterated a “hold” rating on shares of International Business Machines in a report on Thursday. Royal Bank of Canada upgraded shares of International Business Machines from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $160.00 to $180.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of International Business Machines in a report on Wednesday, October 18th. Finally, ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. International Business Machines presently has an average rating of “Hold” and an average target price of $159.70.

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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.

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

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