Capital Asset Advisory Services Lowers stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Capital Asset Advisory Services reduced its stake in International Business Machines Corp. by 22.55% during the most recent quarter end. The investment management company now holds a total of 5,180 shares of International Business Machines Corp. which is valued at $818,544 after selling 1,508 shares in International Business Machines Corp. , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.International Business Machines Corp. makes up approximately 1.07% of Capital Asset Advisory Services’s portfolio.

Other Hedge Funds, Including , Franklin Street Advisors Inc Nc boosted its stake in IBM in the latest quarter, The investment management firm added 3,002 additional shares and now holds a total of 33,676 shares of International Business Machines Corp. which is valued at $5,321,482. International Business Machines Corp. makes up approx 0.98% of Franklin Street Advisors Inc Nc’s portfolio.Stillwater Investment Management boosted its stake in IBM in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 13,251 shares of International Business Machines Corp. which is valued at $2,046,749. International Business Machines Corp. makes up approx 1.15% of Stillwater Investment Management’s portfolio.Dnb Asset Management As reduced its stake in IBM by selling 1,600 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 111,324 shares of IBM which is valued at $17,195,105. International Business Machines Corp. makes up approx 0.36% of Dnb Asset Management As’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in IBM in the latest quarter, The investment management firm added 13,372 additional shares and now holds a total of 228,607 shares of International Business Machines Corp. which is valued at $35,310,637. International Business Machines Corp. makes up approx 0.74% of Exxonmobil Investment Management Inc Tx’s portfolio.Nadler Financial Group boosted its stake in IBM in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 2,243 shares of International Business Machines Corp. which is valued at $346,454. International Business Machines Corp. makes up approx 0.14% of Nadler Financial Group’s portfolio.

International Business Machines Corp. opened for trading at $157.75 and hit $158.34 on the upside on Wednesday, eventually ending the session at $158.02, with a gain of 0.62% or 0.98 points. The heightened volatility saw the trading volume jump to 27,46,439 shares. Company has a market cap of $151,693 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 .

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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