Bartlett & Co. LLC decreased its position in shares of International Business Machines Corp. (NYSE:IBM) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,267 shares of the technology company’s stock after selling 1,899 shares during the period. Bartlett & Co. LLC’s holdings in International Business Machines Corp. were worth $16,281,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Hendershot Investments Inc. boosted its stake in shares of International Business Machines Corp. by 58.5% in the second quarter. Hendershot Investments Inc. now owns 3,130 shares of the technology company’s stock worth $475,000 after buying an additional 1,155 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of International Business Machines Corp. by 84.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 51,760 shares of the technology company’s stock worth $7,856,000 after buying an additional 23,774 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of International Business Machines Corp. by 27.8% in the second quarter. Boston Advisors LLC now owns 24,208 shares of the technology company’s stock worth $3,674,000 after buying an additional 5,261 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of International Business Machines Corp. by 43.2% in the second quarter. Prospera Financial Services Inc now owns 3,119 shares of the technology company’s stock worth $473,000 after buying an additional 941 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of International Business Machines Corp. by 3.9% in the second quarter. PGGM Investments now owns 1,028,221 shares of the technology company’s stock worth $156,063,000 after buying an additional 38,264 shares during the last quarter. Institutional investors own 57.61% of the company’s stock.

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

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.47% during mid-day trading on Friday, hitting $154.45. 4,358,197 shares of the stock were exchanged. The stock has a 50-day moving average price of $156.85 and a 200 day moving average price of $154.25. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00. The firm has a market cap of $147.63 billion, a price-to-earnings ratio of 12.56 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.06. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The company earned $20.20 billion during the quarter, compared to analysts’ expectations of $20.03 billion. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.84 earnings per share. On average, equities research analysts expect that International Business Machines Corp. will post $13.51 earnings per share for the current year.

A number of research firms recently weighed in on IBM. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $147.00 target price on shares of International Business Machines Corp. in a report on Wednesday. Credit Suisse Group AG reaffirmed an “underperform” rating and set a $110.00 target price on shares of International Business Machines Corp. in a report on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $140.00 target price on shares of International Business Machines Corp. in a report on Saturday, October 8th. Societe Generale set a $160.00 target price on shares of International Business Machines Corp. and gave the stock a “neutral” rating in a report on Tuesday, September 27th. Finally, Zacks Investment Research raised shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. International Business Machines Corp. presently has a consensus rating of “Hold” and a consensus target price of $154.47.

In other news, insider Robert J. Picciano sold 1,922 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total value of $305,905.52. Following the transaction, the insider now owns 35,861 shares of the company’s stock, valued at $5,707,636.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert J. Leblanc sold 15,708 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total value of $2,548,623.00. Following the completion of the transaction, the insider now directly owns 61,374 shares in the company, valued at approximately $9,957,931.50. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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