Seaward Management Limited Partnership Lowers stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Seaward Management Limited Partnership reduced its stake in International Business Machines Corp. by 2.44% during the most recent quarter end. The investment management company now holds a total of 69,896 shares of International Business Machines Corp. which is valued at $11,311,270 after selling 1,748 shares in International Business Machines Corp. , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.International Business Machines Corp. makes up approximately 0.60% of Seaward Management Limited Partnership’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. boosted its stake in IBM in the latest quarter, The investment management firm added 23,774 additional shares and now holds a total of 51,760 shares of International Business Machines Corp. which is valued at $8,376,321. International Business Machines Corp. makes up approx 0.21% of Candriam Luxembourg S.c.a.’s portfolio.Daiwa Securities Group boosted its stake in IBM in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 67,500 shares of International Business Machines Corp. which is valued at $10,923,525. International Business Machines Corp. makes up approx 0.07% of Daiwa Securities Group’s portfolio.Mount Vernon Associates Inc Md boosted its stake in IBM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 8,078 shares of International Business Machines Corp. which is valued at $1,307,263. International Business Machines Corp. makes up approx 2.63% of Mount Vernon Associates Inc Md’s portfolio.Mizuho Securities Usa boosted its stake in IBM in the latest quarter, The investment management firm added 71,785 additional shares and now holds a total of 86,785 shares of International Business Machines Corp. which is valued at $14,065,245. International Business Machines Corp. makes up approx 2.56% of Mizuho Securities Usa’s portfolio.M. Kraus Co reduced its stake in IBM by selling 219 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 14,654 shares of IBM which is valued at $2,263,457. International Business Machines Corp. makes up approx 1.32% of M. Kraus Co’s portfolio.

International Business Machines Corp. closed down -0.75 points or -0.46% at $160.62 with 35,47,546 shares getting traded on Friday. Post opening the session at $161.36, the shares hit an intraday low of $160.03 and an intraday high of $161.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, International Business Machines Corp. reported $2.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $2.89. The company had revenue of $20238.00 million for the quarter, compared to analysts expectations of $20063.32 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.84 EPS.

Investors should note that on Jul 26, 2016, International Business Machines Corp. announced a cash dividend of $1.4000. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Sep 10, 2016.

Many Wall Street Analysts have commented on International Business Machines Corp.. International Business Machines Corp. was Downgraded by Standpoint Research to ” Hold” on Jul 25, 2016. Company shares were Reiterated by Drexel Hamilton on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 186 from a previous price target of $166 .Company shares were Reiterated by JMP Securities on Jul 19, 2016 to “Mkt Outperform”, Firm has raised the Price Target to $ 172 from a previous price target of $157 .

International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS) which includes Strategic Outsourcing Integrated Technology Services Cloud and Technology Support Services and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS) which offers its services across Consulting and Systems Integration Global Process Services and Application Management Services; Software which consists of middleware and operating systems software; Systems and Technology (STG) which provides infrastructure technologies and Global Financing which provides financing solutions for products or services that are critical to the end users’ business operations. Its IBM Watson Health Cloud platform collects clinical research and social data from a range of health sources and creates a cloud-based data sharing hub.

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