DekaBank Deutsche Girozentrale lessened its holdings in International Business Machines Corp. (NYSE:IBM) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,754 shares of the technology company’s stock after selling 29,291 shares during the period. DekaBank Deutsche Girozentrale’s holdings in International Business Machines were worth $66,213,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IBM. Herndon Capital Management LLC boosted 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 purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC boosted its position in 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 acquired a new stake in International Business Machines during the second quarter valued at $121,000. Peddock Capital Advisors LLC boosted its position in 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. boosted its position in 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. 57.12% of the stock is owned by institutional investors and hedge funds.

Shares of International Business Machines Corp. (NYSE IBM) opened at $169.12 on Friday. International Business Machines Corp. has a 12-month low of $139.13 and a 12-month high of $182.79. The firm has a market capitalization of $156,134.72, a PE ratio of 14.13, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94. 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 (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.01 earnings per share. sell-side analysts expect that International Business Machines Corp. will post 13.79 EPS for the current fiscal year.

A number of analysts recently issued reports on IBM shares. Jefferies Group reissued a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a research report on Thursday, September 21st. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price objective on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective on shares of International Business Machines in a research report on Friday, October 13th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company. International Business Machines currently has an average rating of “Hold” and a consensus price target of $163.32.

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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.

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

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