Dumont Blake Investment Advisors buys $2,808,581 stake in INTL BUSINESS MACHINES COM (IBM)

INTL BUSINESS MACHINES COM (IBM) : Dumont Blake Investment Advisors scooped up 35 additional shares in INTL BUSINESS MACHINES COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 18,913 shares of INTL BUSINESS MACHINES COM which is valued at $2,808,581.INTL BUSINESS MACHINES COM makes up approximately 1.44% of Dumont Blake Investment Advisors’s portfolio.

INTL BUSINESS MACHINES COM opened for trading at $149.35 and hit $150.78 on the upside on Wednesday, eventually ending the session at $150.47, with a gain of 0.93% or 1.39 points. The heightened volatility saw the trading volume jump to 31,11,190 shares. Company has a market cap of $144,584 M.

Other Hedge Funds, Including , Schaper Benz Wise Investment Counsel Incwi boosted its stake in IBM in the latest quarter, The investment management firm added 12,880 additional shares and now holds a total of 33,115 shares of INTL BUSINESS MACHINES COM which is valued at $4,917,578. INTL BUSINESS MACHINES COM makes up approx 0.91% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Regent Investment Management reduced its stake in IBM by selling 1,772 shares or 30.94% in the most recent quarter. The Hedge Fund company now holds 3,956 shares of IBM which is valued at $587,466. INTL BUSINESS MACHINES COM makes up approx 0.32% of Regent Investment Management’s portfolio.Sigma Planning Corp boosted its stake in IBM in the latest quarter, The investment management firm added 3,058 additional shares and now holds a total of 12,516 shares of INTL BUSINESS MACHINES COM which is valued at $1,858,626. INTL BUSINESS MACHINES COM makes up approx 0.25% of Sigma Planning Corp’s portfolio.P.r. Herzig boosted its stake in IBM in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 9,260 shares of INTL BUSINESS MACHINES COM which is valued at $1,375,110. INTL BUSINESS MACHINES COM makes up approx 2.94% of P.r. Herzig’s portfolio.Prospera Financial Services Inc reduced its stake in IBM by selling 749 shares or 25.59% in the most recent quarter. The Hedge Fund company now holds 2,178 shares of IBM which is valued at $330,446. INTL BUSINESS MACHINES COM makes up approx 0.07% of Prospera Financial Services Inc’s portfolio.

On the company’s financial health, INTL BUSINESS MACHINES COM 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 INTL BUSINESS MACHINES COM. 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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