Bank of The Ozarks grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 15.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,257 shares of the technology company’s stock after buying an additional 716 shares during the quarter. Bank of The Ozarks’ holdings in International Business Machines Corporation were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC grew its stake in shares of International Business Machines Corporation by 14,730.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock worth $3,143,000 after purchasing an additional 480,228 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of International Business Machines Corporation by 668.8% in the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after purchasing an additional 428,011 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of International Business Machines Corporation by 31.9% in the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after purchasing an additional 370,700 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of International Business Machines Corporation by 116.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock worth $76,967,000 after purchasing an additional 269,379 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of International Business Machines Corporation by 70.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after purchasing an additional 267,588 shares during the last quarter. Institutional investors own 57.84% of the company’s stock.

Several brokerages have recently issued reports on IBM. BMO Capital Markets reaffirmed a “market perform” rating and issued a $170.00 price objective (up previously from $167.00) on shares of International Business Machines Corporation in a research note on Wednesday, October 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, October 18th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of International Business Machines Corporation in a research note on Wednesday, October 18th. Citigroup Inc. lifted their target price on shares of International Business Machines Corporation from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Finally, Barclays PLC lifted their target price on shares of International Business Machines Corporation from $132.00 to $133.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corporation currently has a consensus rating of “Hold” and an average price target of $157.90.

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Shares of International Business Machines Corporation (IBM) opened at 162.07 on Monday. The stock has a 50 day moving average of $146.97 and a 200 day moving average of $151.34. The company has a market cap of $150.63 billion, a price-to-earnings ratio of 13.52 and a beta of 0.95. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter last year, the business earned $3.29 earnings per share. International Business Machines Corporation’s revenue was down .4% on a year-over-year basis. On average, equities analysts expect that International Business Machines Corporation will post $13.81 earnings per share for the current fiscal year.

International Business Machines Corporation 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.

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

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