International Business Machines Corp. (IBM) : Klcm Advisors scooped up 3,887 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 8, 2016. The investment management firm now holds a total of 71,436 shares of International Business Machines Corp. which is valued at $11,681,929.International Business Machines Corp. makes up approximately 3.82% of Klcm Advisors’s portfolio.
Other Hedge Funds, Including , Gyroscope Capital Management Group boosted its stake in IBM in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 6,545 shares of International Business Machines Corp. which is valued at $1,070,304. International Business Machines Corp. makes up approx 0.84% of Gyroscope Capital Management Group’s portfolio.Cable Hill Partners reduced its stake in IBM by selling 1,614 shares or 74.76% in the most recent quarter. The Hedge Fund company now holds 545 shares of IBM which is valued at $89,108. International Business Machines Corp. makes up approx 0.06% of Cable Hill Partners’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in IBM by selling 32,423 shares or 12.91% in the most recent quarter. The Hedge Fund company now holds 218,812 shares of IBM which is valued at $35,775,762. International Business Machines Corp. makes up approx 0.39% of Dekabank Deutsche Girozentrale’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in IBM by selling 67,407 shares or 93.51% in the most recent quarter. The Hedge Fund company now holds 4,678 shares of IBM which is valued at $758,163. International Business Machines Corp. makes up approx 0.01% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Meritage Portfolio Management reduced its stake in IBM by selling 1,330 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 36,190 shares of IBM which is valued at $5,865,313. International Business Machines Corp. makes up approx 0.64% of Meritage Portfolio Management’s portfolio.
International Business Machines Corp. closed down -0.07 points or -0.04% at $161.88 with 29,70,415 shares getting traded on Monday. Post opening the session at $162.4, the shares hit an intraday low of $161.78 and an intraday high of $162.97 and the price fluctuated in this range throughout the day.Shares ended Monday 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.
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.