International Business Machines Corp. (NYSE:IBM) Shares Bought by Bristol Advisors LLC

Bristol Advisors LLC raised its stake in International Business Machines Corp. (NYSE:IBM) by 31.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,800 shares of the technology company’s stock after buying an additional 900 shares during the period. Bristol Advisors LLC’s holdings in International Business Machines were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Herndon Capital Management LLC lifted its position in 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 acquiring an additional 195 shares during the last quarter. Edge Wealth Management LLC increased its stake in 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 in the last quarter. ETF Managers Group LLC acquired a new position in International Business Machines during the 2nd quarter valued at approximately $121,000. Peddock Capital Advisors LLC increased its stake in 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 in the last quarter. Finally, Horan Securities Inc. increased its stake in 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 purchasing an additional 837 shares in the last quarter. 57.12% of the stock is owned by institutional investors.

International Business Machines Corp. (NYSE IBM) opened at $168.56 on Wednesday. The stock has a market cap of $156,050.00, a P/E ratio of 14.07, a P/E/G ratio of 2.38 and a beta of 0.94. 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 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the consensus estimate 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 earned $3.29 EPS. The company’s revenue was down .4% compared to the same quarter last year. equities research analysts forecast that International Business Machines Corp. will post 13.79 EPS for the current fiscal year.

A number of brokerages have issued reports on IBM. BMO Capital Markets restated a “hold” rating and set a $175.00 price target on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. Societe Generale set a $152.00 price objective on shares of International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 12th. Barclays upgraded shares of International Business Machines from an “underweight” rating to an “overweight” rating and set a $133.00 price objective on the stock in a research note on Wednesday. Zacks Investment Research upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Berenberg Bank set a $125.00 price target on shares of International Business Machines and gave the company a “sell” rating in a research report on Wednesday, October 18th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $159.90.

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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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