Ronald Blue Co buys $1,972,481 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Ronald Blue Co scooped up 479 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 Oct 17, 2016. The investment management firm now holds a total of 12,771 shares of International Business Machines Corp. which is valued at $1,972,481.International Business Machines Corp. makes up approximately 0.08% of Ronald Blue Co’s portfolio.

Other Hedge Funds, Including , Bennicas Associates reduced its stake in IBM by selling 307 shares or 6.56% in the most recent quarter. The Hedge Fund company now holds 4,374 shares of IBM which is valued at $675,564. International Business Machines Corp. makes up approx 0.64% of Bennicas Associates’s portfolio.Centurylink Investment Management Co reduced its stake in IBM by selling 489 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 21,589 shares of IBM which is valued at $3,341,761. International Business Machines Corp. makes up approx 1.15% of Centurylink Investment Management Co’s portfolio.Hudson Valley Investment Advisors Inc Adv boosted its stake in IBM in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 11,464 shares of International Business Machines Corp. which is valued at $1,800,077. International Business Machines Corp. makes up approx 0.56% of Hudson Valley Investment Advisors Inc Adv’s portfolio.Pacwest Financial Management Inc boosted its stake in IBM in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 3,355 shares of International Business Machines Corp. which is valued at $526,802. International Business Machines Corp. makes up approx 0.32% of Pacwest Financial Management Inc’s portfolio.Boltwood Capital Management boosted its stake in IBM in the latest quarter, The investment management firm added 587 additional shares and now holds a total of 3,933 shares of International Business Machines Corp. which is valued at $617,796. International Business Machines Corp. makes up approx 0.50% of Boltwood Capital Management’s portfolio.

International Business Machines Corp. opened for trading at $154.47 and hit $155.53 on the upside on Friday, eventually ending the session at $154.45, with a gain of 0.47% or 0.73 points. The heightened volatility saw the trading volume jump to 43,58,197 shares. Company has a market cap of $147,630 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 Societe Generale to ” Hold” on Sep 26, 2016. International Business Machines Corp. was Downgraded by Standpoint Research to ” Hold” on Jul 25, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

International Business Machines Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on International Business Machines Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.