Valicenti Advisory Services Inc buys $761,248 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Valicenti Advisory Services Inc scooped up 69 additional shares in International Business Machines Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 4,704 shares of International Business Machines Corp. which is valued at $761,248.International Business Machines Corp. makes up approximately 0.47% of Valicenti Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , Cambridge Advisors reduced its stake in IBM by selling 330 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 6,075 shares of IBM which is valued at $983,117. International Business Machines Corp. makes up approx 0.44% of Cambridge Advisors’s portfolio.James Investment Research Inc boosted its stake in IBM in the latest quarter, The investment management firm added 102,132 additional shares and now holds a total of 103,137 shares of International Business Machines Corp. which is valued at $16,487,481. International Business Machines Corp. makes up approx 0.41% of James Investment Research Inc’s portfolio.Physicians Financial Services reduced its stake in IBM by selling 214 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 13,054 shares of IBM which is valued at $2,086,812. International Business Machines Corp. makes up approx 1.77% of Physicians Financial Services’s portfolio.Capital Analysts reduced its stake in IBM by selling 74 shares or 10.96% in the most recent quarter. The Hedge Fund company now holds 601 shares of IBM which is valued at $96,076. International Business Machines Corp. makes up approx 0.02% of Capital Analysts’s portfolio.Keel Point boosted its stake in IBM in the latest quarter, The investment management firm added 752 additional shares and now holds a total of 4,730 shares of International Business Machines Corp. which is valued at $747,435. International Business Machines Corp. makes up approx 0.31% of Keel Point’s portfolio.

International Business Machines Corp. closed down -0.75 points or -0.46% at $160.62 with 35,47,546 shares getting traded on Friday. Post opening the session at $161.36, the shares hit an intraday low of $160.03 and an intraday high of $161.67 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on Jul 26, 2016, International Business Machines Corp. announced a cash dividend of $1.4000. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Sep 10, 2016.

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.

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