Palladium Partners LLC Has $4.58 Million Position in International Business Machines Corp. (IBM)

Palladium Partners LLC lowered its holdings in International Business Machines Corp. (NYSE:IBM) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,578 shares of the technology company’s stock after selling 1,554 shares during the quarter. Palladium Partners LLC’s holdings in International Business Machines were worth $4,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBM. Herndon Capital Management LLC grew its stake in International Business Machines by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares during the last quarter. Edge Wealth Management LLC grew its stake in International Business Machines 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 last quarter. ETF Managers Group LLC bought a new stake in International Business Machines during the second quarter worth about $121,000. Peddock Capital Advisors LLC grew its stake in International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares during the last quarter. Finally, Horan Securities Inc. grew its stake in International Business Machines 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 last quarter. 57.34% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on IBM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines in a research note on Wednesday, October 18th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price objective on shares of International Business Machines in a research note on Tuesday, October 17th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Vetr raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 price objective on the stock in a research note on Tuesday, October 24th. Finally, Pivotal Research assumed coverage on shares of International Business Machines in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $164.09.

International Business Machines Corp. (IBM) opened at $162.37 on Monday. International Business Machines Corp. has a twelve month low of $139.13 and a twelve month high of $182.79. The firm has a market cap of $150,320.00, a P/E ratio of 26.57, a P/E/G ratio of 2.37 and a beta of 0.94. 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 announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. During the same period in the prior year, the business posted $5.01 earnings per share. International Business Machines’s revenue was up 3.6% compared to the same quarter last year. equities analysts predict that International Business Machines Corp. will post 13.83 EPS for the current fiscal year.

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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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