NJ State Employees Deferred Compensation Plan continued to hold its stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,000 shares of the technology company’s stock at the close of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in International Business Machines Corporation were worth $3,077,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Edge Wealth Management LLC raised its holdings in International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares in the last quarter. Horan Securities Inc. raised its holdings in International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after acquiring an additional 441 shares in the last quarter. CKW Financial Group raised its holdings in International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares in the last quarter. Finally, Grisanti Capital Management LLC raised its holdings in International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

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

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the business earned $2.95 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

IBM has been the topic of several recent analyst reports. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target on the stock in a report on Monday, June 19th. Cleveland Research initiated coverage on shares of International Business Machines Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $165.00 price target on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed an “underperform” rating and issued a $125.00 price target (down from $135.00) on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. International Business Machines Corporation currently has an average rating of “Hold” and an average target price of $157.12.

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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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