Norris Perne & French LLP MI grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,144 shares of the technology company’s stock after buying an additional 559 shares during the quarter. Norris Perne & French LLP MI’s holdings in International Business Machines Corporation were worth $4,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC lifted its holdings in shares of International Business Machines Corporation by 18.9% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after buying an additional 12,236 shares during the period. Intellectus Partners LLC lifted its holdings in shares of International Business Machines Corporation by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after buying an additional 1,496 shares during the period. CKW Financial Group lifted its holdings in shares of International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the period. Argus Investors Counsel Inc. lifted its holdings in shares of International Business Machines Corporation by 10.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after buying an additional 2,651 shares during the period. Finally, SOL Capital Management CO lifted its holdings in shares of International Business Machines Corporation by 0.6% during the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after buying an additional 45 shares during the period. 57.84% of the stock is currently owned by hedge funds and other institutional investors.

IBM has been the topic of several research analyst reports. Vetr raised 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 International Business Machines Corporation in a report on Thursday, June 22nd. They set a “neutral” rating on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $165.00 price target on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Jefferies Group LLC reissued an “underperform” rating and set a $125.00 price target (down from $135.00) on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Finally, Guggenheim reissued a “hold” rating on shares of International Business Machines Corporation in a report on Friday, July 14th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. International Business Machines Corporation presently has an average rating of “Hold” and an average target price of $157.12.

COPYRIGHT VIOLATION NOTICE: “International Business Machines Corporation (IBM) Shares Bought by Norris Perne & French LLP MI” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/10/17/international-business-machines-corporation-ibm-shares-bought-by-norris-perne-french-llp-mi.html.

International Business Machines Corporation (NYSE IBM) opened at 146.83 on Tuesday. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a 50 day moving average of $145.27 and a 200-day moving average of $151.70. The company has a market cap of $136.84 billion, a P/E ratio of 12.19 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 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 analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.95 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.75 earnings per share for the current fiscal year.

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)

Receive News & Stock Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related stocks with our FREE daily email newsletter.