R.h. Dinel Investment Counsel Lowers stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : R.h. Dinel Investment Counsel reduced its stake in International Business Machines Corp. by 6.16% during the most recent quarter end. The investment management company now holds a total of 5,480 shares of International Business Machines Corp. which is valued at $865,950 after selling 360 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 0.99% of R.h. Dinel Investment Counsel’s portfolio.

Other Hedge Funds, Including , Searle reduced its stake in IBM by selling 20,598 shares or 90.27% in the most recent quarter. The Hedge Fund company now holds 2,220 shares of IBM which is valued at $350,804. International Business Machines Corp. makes up approx 3.48% of Searle’s portfolio. Hollencrest Securities added IBM to its portfolio by purchasing 1,552 company shares during the most recent quarter which is valued at $239,722. International Business Machines Corp. makes up approx 0.04% of Hollencrest Securities’s portfolio.Capital Insight Partners reduced its stake in IBM by selling 131 shares or 8.72% in the most recent quarter. The Hedge Fund company now holds 1,372 shares of IBM which is valued at $211,919. International Business Machines Corp. makes up approx 0.20% of Capital Insight Partners’s portfolio.Patten Patten Inctn boosted its stake in IBM in the latest quarter, The investment management firm added 273 additional shares and now holds a total of 7,680 shares of International Business Machines Corp. which is valued at $1,186,253. International Business Machines Corp. makes up approx 0.16% of Patten Patten Inctn’s portfolio.Raymond James Trust N.a. boosted its stake in IBM in the latest quarter, The investment management firm added 883 additional shares and now holds a total of 76,903 shares of International Business Machines Corp. which is valued at $11,878,437. International Business Machines Corp. makes up approx 1.00% of Raymond James Trust N.a.’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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