Girard Partners LTD. lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,972 shares of the technology company’s stock after selling 1,331 shares during the period. Girard Partners LTD.’s holdings in International Business Machines Corporation were worth $611,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SeaBridge Investment Advisors LLC lifted its holdings in International Business Machines Corporation by 18.9% in the second 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 International Business Machines Corporation by 9.8% in the first 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 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 buying an additional 121 shares during the period. Argus Investors Counsel Inc. lifted its holdings in International Business Machines Corporation by 10.9% in the second 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 International Business Machines Corporation by 0.6% in the second 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. Institutional investors own 58.25% of the company’s stock.

Several research firms recently issued reports on IBM. Berenberg Bank set a $125.00 target price on shares of International Business Machines Corporation and gave the company a “sell” rating in a report on Wednesday, October 18th. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $160.68 price objective on the stock. in a report on Thursday, October 19th. Pivotal Research began coverage on shares of International Business Machines Corporation in a report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective on the stock. KeyCorp reiterated a “hold” rating on shares of International Business Machines Corporation in a report on Friday, November 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $160.00 price objective on shares of International Business Machines Corporation in a report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. International Business Machines Corporation presently has an average rating of “Hold” and a consensus target price of $158.93.

COPYRIGHT VIOLATION WARNING: This article was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/11/18/girard-partners-ltd-sells-1331-shares-of-international-business-machines-corporation-ibm.html.

Shares of International Business Machines Corporation (IBM) opened at $148.97 on Friday. The company has a market cap of $138,050.00, a P/E ratio of 10.90, a P/E/G ratio of 2.18 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.29 EPS. research analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s payout ratio is currently 50.08%.

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)

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.