IFC Holdings Incorporated FL increased its stake in International Business Machines Corporation (NYSE:IBM) by 8.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,499 shares of the technology company’s stock after buying an additional 518 shares during the period. IFC Holdings Incorporated FL’s holdings in International Business Machines Corporation were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Cascade Investment Advisors Inc. acquired a new stake in shares of International Business Machines Corporation during the fourth quarter worth $1,943,000. Headinvest LLC acquired a new stake in shares of International Business Machines Corporation during the fourth quarter worth $466,000. Massey Quick & Co. LLC acquired a new stake in shares of International Business Machines Corporation during the fourth quarter worth $108,000. Wrapmanager Inc. acquired a new stake in shares of International Business Machines Corporation during the fourth quarter worth $230,000. Finally, Arthur M. Cohen & Associates LLC acquired a new stake in shares of International Business Machines Corporation during the fourth quarter worth $225,000. Hedge funds and other institutional investors own 58.24% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded up 0.40% during mid-day trading on Friday, hitting $154.24. The stock had a trading volume of 3,256,372 shares. International Business Machines Corporation has a 12 month low of $147.79 and a 12 month high of $182.79. The firm’s 50-day moving average is $153.09 and its 200 day moving average is $166.62. The company has a market cap of $144.91 billion, a price-to-earnings ratio of 12.63 and a beta of 0.98.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, topping the Zacks’ consensus estimate of $2.35 by $0.03. International Business Machines Corporation had a return on equity of 74.46% and a net margin of 14.62%. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.37 billion. During the same period last year, the company earned $2.35 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts anticipate that International Business Machines Corporation will post $13.70 EPS for the current fiscal year.

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A number of analysts have recently weighed in on IBM shares. Vetr upgraded International Business Machines Corporation from a “sell” rating to a “buy” rating and set a $185.08 target price for the company in a research note on Tuesday, March 21st. Argus restated a “buy” rating and issued a $192.00 target price (up from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, March 22nd. Berenberg Bank started coverage on International Business Machines Corporation in a report on Tuesday, April 4th. They issued a “sell” rating and a $140.00 price target on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a report on Tuesday, April 11th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $166.00 price target on shares of International Business Machines Corporation in a report on Thursday, April 13th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $164.29.

In related news, Director James W. Owens purchased 1,718 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average cost of $153.19 per share, with a total value of $263,180.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

International Business Machines Corporation Company 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 Corporation (NYSE:IBM)

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