Pathstone Family Office adds International Business Machines Corp. (IBM) to its portfolio

International Business Machines Corp. (IBM) : Pathstone Family Office added new position in International Business Machines Corp. during the most recent quarter end. The investment management firm now holds 868 shares of International Business Machines Corp. which is valued at $128,221 , the company said in a statement filed on May 12, 2016 with the SEC.International Business Machines Corp. makes up approximately 0.01% of Pathstone Family Office’s portfolio.

Other Hedge Funds, Including , Schaller Investment Group Inc boosted its stake in IBM in the latest quarter, The investment management firm added 355 additional shares and now holds a total of 114,230 shares of International Business Machines Corp. which is valued at $16.9 Million. International Business Machines Corp. makes up approx 10.92% of Schaller Investment Group Inc’s portfolio. Gsa Capital Partners Llp sold out all of its stake in IBM during the most recent quarter. The investment firm sold 11,410 shares of IBM which is valued $1.7 Million.Ftb Advisors reduced its stake in IBM by selling 3,955 shares or 18.05% in the most recent quarter. The Hedge Fund company now holds 17,958 shares of IBM which is valued at $2.7 Million. International Business Machines Corp. makes up approx 0.30% of Ftb Advisors’s portfolio.Sva Plumb Wealth Management boosted its stake in IBM in the latest quarter, The investment management firm added 3,501 additional shares and now holds a total of 24,038 shares of International Business Machines Corp. which is valued at $3.6 Million. International Business Machines Corp. makes up approx 0.59% of Sva Plumb Wealth Management’s portfolio.Annex Advisory Services reduced its stake in IBM by selling 83 shares or 4.06% in the most recent quarter. The Hedge Fund company now holds 1,959 shares of IBM which is valued at $288,541. International Business Machines Corp. makes up approx 0.08% of Annex Advisory Services’s portfolio.

International Business Machines Corp. opened for trading at $145.71 and hit $147.51 on the upside on Friday, eventually ending the session at $147.25, with a gain of 1.60% or 2.32 points. The heightened volatility saw the trading volume jump to 36,71,462 shares. Company has a market cap of $141,354 M.

On the company’s financial health, International Business Machines Corp. reported $2.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $2.09. The company had revenue of $18684.00 million for the quarter, compared to analysts expectations of $18285.90 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.91 EPS.

Many Wall Street Analysts have commented on International Business Machines Corp.. Company shares were Reiterated by UBS on Apr 19, 2016 to “Neutral”, Firm has raised the Price Target to $ 150 from a previous price target of $132 .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 .

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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