Mraz Amerine & Associates Inc. reduced its stake in shares of International Business Machines Corp. (NYSE:IBM) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,377 shares of the technology company’s stock after selling 1,916 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in International Business Machines were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Herndon Capital Management LLC increased its holdings in International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC increased its holdings in International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the period. ETF Managers Group LLC bought a new stake in International Business Machines in the 2nd quarter valued at $121,000. Peddock Capital Advisors LLC increased its holdings in International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the period. Finally, Horan Securities Inc. increased its holdings in International Business Machines by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $163.14 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The firm has a market cap of $151,030.00, a PE ratio of 13.62, a PEG ratio of 2.38 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. research analysts expect that International Business Machines Corp. will post 13.79 earnings per share for the current year.

Several brokerages have issued reports on IBM. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a report on Friday, October 13th. Zacks Investment Research lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. BMO Capital Markets reissued a “market perform” rating and issued a $170.00 price target (up previously from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. JPMorgan Chase & Co. set a $157.00 price target on shares of International Business Machines and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, Citigroup boosted their price target on shares of International Business Machines from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $159.90.

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International Business Machines 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.

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

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