Courier Capital Corp buys $3,451,674 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Courier Capital Corp scooped up 721 additional shares in International Business Machines Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 21,483 shares of International Business Machines Corp. which is valued at $3,451,674.International Business Machines Corp. makes up approximately 0.67% of Courier Capital Corp’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in IBM by selling 1,047 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 34,785 shares of IBM which is valued at $5,588,906. International Business Machines Corp. makes up approx 0.24% of Evercore Wealth Management’s portfolio.Crossvault Capital Management boosted its stake in IBM in the latest quarter, The investment management firm added 1,276 additional shares and now holds a total of 4,778 shares of International Business Machines Corp. which is valued at $773,224. International Business Machines Corp. makes up approx 0.54% of Crossvault Capital Management’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.Ronna Sue Cohen boosted its stake in IBM in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 3,666 shares of International Business Machines Corp. which is valued at $579,301. International Business Machines Corp. makes up approx 0.42% of Ronna Sue Cohen’s portfolio. Hollencrest Securities added IBM to its portfolio by purchasing 1,552 company shares during the most recent quarter which is valued at $239,722. International Business Machines Corp. makes up approx 0.04% of Hollencrest Securities’s portfolio.

International Business Machines Corp. opened for trading at $160.86 and hit $161.7 on the upside on Thursday, eventually ending the session at $161.55, with a gain of 0.55% or 0.88 points. The heightened volatility saw the trading volume jump to 24,89,068 shares. Company has a market cap of $154,417 M.

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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