Vaughan David Investments Inc. IL decreased its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 51.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,751 shares of the technology company’s stock after selling 83,823 shares during the quarter. Vaughan David Investments Inc. IL’s holdings in International Business Machines were worth $5,324,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Herndon Capital Management LLC raised its position in International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the period. Edge Wealth Management LLC raised its position in International Business Machines 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 purchasing an additional 40 shares during the period. ETF Managers Group LLC purchased a new position in International Business Machines in the second quarter valued at about $121,000. Peddock Capital Advisors LLC raised its position in International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the period. Finally, Horan Securities Inc. raised its position in International Business Machines 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 purchasing an additional 837 shares during the period. Institutional investors and hedge funds own 57.34% of the company’s stock.

International Business Machines Corp. (NYSE:IBM) opened at $162.60 on Tuesday. The company has a market capitalization of $150,530.00, a PE ratio of 26.61, a P/E/G ratio of 2.37 and a beta of 0.94. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $5.01 earnings per share. analysts anticipate that International Business Machines Corp. will post 13.83 EPS for the current fiscal year.

Several research analysts have commented on IBM shares. UBS Group reissued a “neutral” rating and issued a $160.00 price objective (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Societe Generale set a $149.00 price objective on International Business Machines and gave the company a “sell” rating in a research report on Friday. Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective on the stock in a research report on Wednesday, December 6th. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a research report on Friday, October 13th. Finally, Morgan Stanley raised their price objective on International Business Machines to $198.00 and gave the company an “overweight” rating in a research report on Friday. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $164.09.

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International Business Machines 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.

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

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