International Business Machines Corp. (IBM) : Elm Advisors reduced its stake in International Business Machines Corp. by 2.82% during the most recent quarter end. The investment management company now holds a total of 6,892 shares of International Business Machines Corp. which is valued at $1,045,654 after selling 200 shares in International Business Machines Corp. , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.International Business Machines Corp. makes up approximately 1.00% of Elm Advisors’s portfolio.
International Business Machines Corp. opened for trading at $151.04 and hit $152.1 on the upside on Friday, eventually ending the session at $151.72, with a gain of 0.37% or 0.56 points. The heightened volatility saw the trading volume jump to 36,57,576 shares. Company has a market cap of $145,785 M.
Other Hedge Funds, Including , Beese Fulmer Investment Management boosted its stake in IBM in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 22,928 shares of International Business Machines Corp. which is valued at $3,478,636. International Business Machines Corp. makes up approx 1.00% of Beese Fulmer Investment Management’s portfolio.Jlb Associates Inc reduced its stake in IBM by selling 35 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 12,063 shares of IBM which is valued at $1,800,403. International Business Machines Corp. makes up approx 0.53% of Jlb Associates Inc’s portfolio.West Oak Capital boosted its stake in IBM in the latest quarter, The investment management firm added 615 additional shares and now holds a total of 11,087 shares of International Business Machines Corp. which is valued at $1,654,735. International Business Machines Corp. makes up approx 1.29% of West Oak Capital’s portfolio. Renaissance Investment Group added IBM to its portfolio by purchasing 1,322 company shares during the most recent quarter which is valued at $201,631. International Business Machines Corp. makes up approx 0.10% of Renaissance Investment Group’s portfolio.
On the company’s financial health, International Business Machines Corp. reported $4.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 19, 2016. Analyst had a consensus of $4.81. The company had revenue of $22059.00 million for the quarter, compared to analysts expectations of $22092.92 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $5.81 EPS.
Many Wall Street Analysts have commented on International Business Machines Corp.. Company shares were Reiterated by Stifel on Apr 14, 2016 to “Buy”, Firm has raised the Price Target to $ 165 from a previous price target of $155 .Company shares were Reiterated by RBC Capital Mkts on Apr 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 155 from a previous price target of $135 .Company shares were Reiterated by Morgan Stanley on Mar 31, 2016 to “Overweight”, Firm has raised the Price Target to $ 168 from a previous price target of $140 .
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.