Everett Harris & Co. CA lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,902 shares of the technology company’s stock after selling 5,054 shares during the quarter. Everett Harris & Co. CA’s holdings in International Business Machines Corporation were worth $4,907,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Camden National Bank grew its holdings in shares of International Business Machines Corporation by 2.3% during the 2nd quarter. Camden National Bank now owns 43,386 shares of the technology company’s stock valued at $6,674,000 after purchasing an additional 993 shares during the last quarter. Allegis Investment Advisors LLC grew its holdings in shares of International Business Machines Corporation by 5.6% during the 2nd quarter. Allegis Investment Advisors LLC now owns 5,011 shares of the technology company’s stock valued at $771,000 after purchasing an additional 264 shares during the last quarter. Community Bank N.A. grew its holdings in shares of International Business Machines Corporation by 1.3% during the 2nd quarter. Community Bank N.A. now owns 130,353 shares of the technology company’s stock valued at $20,053,000 after purchasing an additional 1,633 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of International Business Machines Corporation by 12.2% during the 2nd quarter. Alps Advisors Inc. now owns 304,020 shares of the technology company’s stock valued at $46,767,000 after purchasing an additional 33,053 shares during the last quarter. Finally, Olstein Capital Management L.P. grew its holdings in shares of International Business Machines Corporation by 33.3% during the 2nd quarter. Olstein Capital Management L.P. now owns 28,000 shares of the technology company’s stock valued at $4,307,000 after purchasing an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

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International Business Machines Corporation (NYSE IBM) opened at 154.36 on Tuesday. The firm has a 50-day moving average of $148.84 and a 200 day moving average of $150.32. The stock has a market capitalization of $143.46 billion, a PE ratio of 12.88 and a beta of 0.95. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $3.29 EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.80 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $170.00 target price (up previously from $167.00) on shares of International Business Machines Corporation in a report on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $158.90.

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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