Rbs Partners Lowers stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Rbs Partners reduced its stake in International Business Machines Corp. by 11.02% during the most recent quarter end. The investment management company now holds a total of 569,471 shares of International Business Machines Corp. which is valued at $91,838,588 after selling 70,542 shares in International Business Machines Corp. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.International Business Machines Corp. makes up approximately 9.34% of Rbs Partners’s portfolio.

Other Hedge Funds, Including , Apriem Advisors boosted its stake in IBM in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,052 shares of International Business Machines Corp. which is valued at $169,656. International Business Machines Corp. makes up approx 0.05% of Apriem Advisors’s portfolio.Manchester Capital Management reduced its stake in IBM by selling 2,201 shares or 24.34% in the most recent quarter. The Hedge Fund company now holds 6,842 shares of IBM which is valued at $1,065,436. International Business Machines Corp. makes up approx 0.14% of Manchester Capital Management’s portfolio.Lyons Wealth Management. boosted its stake in IBM in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 5,267 shares of International Business Machines Corp. which is valued at $820,177. International Business Machines Corp. makes up approx 1.15% of Lyons Wealth Management.’s portfolio.Noesis Capital Mangement Corp boosted its stake in IBM in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 1,869 shares of International Business Machines Corp. which is valued at $284,780. International Business Machines Corp. makes up approx 0.13% of Noesis Capital Mangement Corp’s portfolio.Wealthtrust Axiom boosted its stake in IBM in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 39,220 shares of International Business Machines Corp. which is valued at $5,992,424. International Business Machines Corp. makes up approx 2.36% of Wealthtrust Axiom’s portfolio.

International Business Machines Corp. opened for trading at $159.8 and hit $160.72 on the upside on Monday, eventually ending the session at $160.39, with a gain of 0.37% or 0.59 points. The heightened volatility saw the trading volume jump to 29,81,633 shares. Company has a market cap of $152,508 M.

On the company’s financial health, International Business Machines Corp. reported $3.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $3.23. The company had revenue of $19226.00 million for the quarter, compared to analysts expectations of $19011.02 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.34 EPS.

Many Wall Street Analysts have commented on International Business Machines Corp.. International Business Machines Corp. was Upgraded by BofA/Merrill to ” Buy” on Nov 10, 2016. International Business Machines Corp. was Upgraded by Societe Generale to ” Hold” on Sep 26, 2016.

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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