International Business Machines Corporation (IBM) Holdings Trimmed by Kelly Lawrence W & Associates Inc. CA

Kelly Lawrence W & Associates Inc. CA trimmed its position in International Business Machines Corporation (NYSE:IBM) by 22.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,898 shares of the technology company’s stock after selling 19,760 shares during the period. International Business Machines Corporation makes up approximately 2.1% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 23rd biggest holding. Kelly Lawrence W & Associates Inc. CA’s holdings in International Business Machines Corporation were worth $10,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Edge Wealth Management LLC lifted its stake in shares of International Business Machines Corporation by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares during the period. Horan Securities Inc. lifted its stake in shares of International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the period. CKW Financial Group lifted its stake in shares of International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of International Business Machines Corporation by 85.1% during the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after buying an additional 441 shares during the period. Finally, Grisanti Capital Management LLC lifted its stake in shares of International Business Machines Corporation by 2.0% during the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares during the period. Institutional investors own 57.84% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) opened at 160.90 on Friday. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The stock has a market cap of $149.95 billion, a PE ratio of 13.35 and a beta of 0.95. The stock’s 50 day moving average is $146.43 and its 200-day moving average is $151.43.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.29 EPS. On average, analysts predict that International Business Machines Corporation will post $13.80 EPS for the current fiscal year.

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Several equities research analysts have recently commented on IBM shares. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 price objective on shares of International Business Machines Corporation in a research note on Friday, October 13th. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective for the company in a research note on Monday, July 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $170.00 price objective on shares of International Business Machines Corporation and gave the stock a “neutral” rating in a research note on Wednesday. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $157.90.

About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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