International Business Machines Corp. (IBM) : Paragon Capital Management added new position in International Business Machines Corp. during the most recent quarter end. The investment management firm now holds 75,266 shares of International Business Machines Corp. which is valued at $12,198,361 , the company said in a statement filed on Jul 21, 2016 with the SEC.International Business Machines Corp. makes up approximately 4.18% of Paragon Capital Management’s portfolio.
Other Hedge Funds, Including , Meyer Handelman Co reduced its stake in IBM by selling 7,215 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 407,329 shares of IBM which is valued at $66,015,811. International Business Machines Corp. makes up approx 2.87% of Meyer Handelman Co’s portfolio.Trust Co Of Vermont reduced its stake in IBM by selling 3,102 shares or 6.74% in the most recent quarter. The Hedge Fund company now holds 42,940 shares of IBM which is valued at $6,928,798. International Business Machines Corp. makes up approx 0.90% of Trust Co Of Vermont’s portfolio.Denali Advisors boosted its stake in IBM in the latest quarter, The investment management firm added 32,100 additional shares and now holds a total of 92,500 shares of International Business Machines Corp. which is valued at $14,787,050. International Business Machines Corp. makes up approx 2.48% of Denali Advisors’s portfolio.Central Bank Trust Co reduced its stake in IBM by selling 266 shares or 11.95% in the most recent quarter. The Hedge Fund company now holds 1,960 shares of IBM which is valued at $309,719. International Business Machines Corp. makes up approx 0.09% of Central Bank Trust Co’s portfolio.
International Business Machines Corp. closed down -0.46 points or -0.28% at $161.37 with 23,23,485 shares getting traded on Thursday. Post opening the session at $161.38, the shares hit an intraday low of $160.71 and an intraday high of $161.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, International Business Machines Corp. reported $2.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $2.89. The company had revenue of $20238.00 million for the quarter, compared to analysts expectations of $20063.32 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.84 EPS.
Many Wall Street Analysts have commented on International Business Machines Corp.. International Business Machines Corp. was Downgraded by Standpoint Research to ” Hold” on Jul 25, 2016. Company shares were Reiterated by Drexel Hamilton on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 186 from a previous price target of $166 .Company shares were Reiterated by JMP Securities on Jul 19, 2016 to “Mkt Outperform”, Firm has raised the Price Target to $ 172 from a previous price target of $157 .
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.