Edge Wealth Management LLC lifted its stake in International Business Machines Corporation (NYSE:IBM) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 760 shares of the technology company’s stock after purchasing an additional 40 shares during the period. Edge Wealth Management LLC’s holdings in International Business Machines Corporation were worth $117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Candriam Luxembourg S.C.A. lifted its stake in shares of International Business Machines Corporation by 16.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 73,239 shares of the technology company’s stock valued at $12,754,000 after purchasing an additional 10,400 shares during the period. Nationwide Fund Advisors lifted its stake in shares of International Business Machines Corporation by 8.3% in the first quarter. Nationwide Fund Advisors now owns 319,323 shares of the technology company’s stock valued at $55,607,000 after purchasing an additional 24,568 shares during the period. Truepoint Inc. lifted its stake in shares of International Business Machines Corporation by 0.5% in the first quarter. Truepoint Inc. now owns 3,568 shares of the technology company’s stock valued at $621,000 after purchasing an additional 16 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in shares of International Business Machines Corporation by 2.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 24,132 shares of the technology company’s stock valued at $3,929,000 after purchasing an additional 525 shares during the period. Finally, Taylor Wealth Management Partners raised its position in International Business Machines Corporation by 59.1% during the first quarter. Taylor Wealth Management Partners now owns 1,750 shares of the technology company’s stock worth $305,000 after acquiring an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

Shares of International Business Machines Corporation (IBM) opened at 147.39 on Tuesday. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a 50-day moving average of $144.55 and a 200-day moving average of $152.46. The stock has a market capitalization of $137.36 billion, a P/E ratio of 12.23 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.95 earnings per share. Equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday. ValuEngine upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group LLC restated a “sell” rating and set a $125.00 target price on shares of International Business Machines Corporation in a research report on Thursday, September 21st. UBS AG restated a “hold” rating and set a $152.00 target price on shares of International Business Machines Corporation in a research report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. International Business Machines Corporation presently has a consensus rating of “Hold” and a consensus target price of $157.12.

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.

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

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