St. Johns Investment Management Company buys $874,341 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : St. Johns Investment Management Company scooped up 160 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 5,661 shares of International Business Machines Corp. which is valued at $874,341.International Business Machines Corp. makes up approximately 0.75% of St. Johns Investment Management Company’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in IBM by selling 1,315 shares or 12.88% in the most recent quarter. The Hedge Fund company now holds 8,896 shares of IBM which is valued at $1,373,987. International Business Machines Corp. makes up approx 0.30% of Howe Rusling Inc’s portfolio.Needelman Asset Management Inc reduced its stake in IBM by selling 425 shares or 19.58% in the most recent quarter. The Hedge Fund company now holds 1,746 shares of IBM which is valued at $268,395. International Business Machines Corp. makes up approx 0.83% of Needelman Asset Management Inc’s portfolio.Legacy Private Trust reduced its stake in IBM by selling 65 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 6,597 shares of IBM which is valued at $1,021,150. International Business Machines Corp. makes up approx 0.14% of Legacy Private Trust’s portfolio.Fisher Asset Management boosted its stake in IBM in the latest quarter, The investment management firm added 568 additional shares and now holds a total of 21,282 shares of International Business Machines Corp. which is valued at $3,341,700. International Business Machines Corp. makes up approx 0.01% of Fisher Asset Management’s portfolio.Thompson Rubinstein Investment Management Inc Or reduced its stake in IBM by selling 749 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 41,146 shares of IBM which is valued at $6,460,745. International Business Machines Corp. makes up approx 2.46% of Thompson Rubinstein Investment Management Inc Or’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.

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