Rbf Capital adds International Business Machines Corp. (IBM) to its portfolio

International Business Machines Corp. (IBM) : Rbf Capital added new position in International Business Machines Corp. during the most recent quarter end. The investment management firm now holds 30,000 shares of International Business Machines Corp. which is valued at $4,858,500 , the company said in a statement filed on Aug 15, 2016 with the SEC.International Business Machines Corp. makes up approximately 0.89% of Rbf Capital’s portfolio.

Other Hedge Funds, Including , Voya Financial Advisors reduced its stake in IBM by selling 618 shares or 4.73% in the most recent quarter. The Hedge Fund company now holds 12,436 shares of IBM which is valued at $2,014,010. International Business Machines Corp. makes up approx 0.23% of Voya Financial Advisors’s portfolio.Neumann Capital Management reduced its stake in IBM by selling 200 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 12,110 shares of IBM which is valued at $1,961,215. International Business Machines Corp. makes up approx 1.27% of Neumann Capital Management’s portfolio.Cambridge Trust Co reduced its stake in IBM by selling 225 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 21,854 shares of IBM which is valued at $3,573,129. International Business Machines Corp. makes up approx 0.26% of Cambridge Trust Co’s portfolio.Evercore Wealth Management reduced its stake in IBM by selling 1,047 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 34,785 shares of IBM which is valued at $5,588,906. International Business Machines Corp. makes up approx 0.24% of Evercore Wealth Management’s portfolio.

International Business Machines Corp. opened for trading at $158.32 and hit $159.62 on the upside on Thursday, eventually ending the session at $159.54, with a gain of 0.42% or 0.66 points. The heightened volatility saw the trading volume jump to 23,58,385 shares. Company has a market cap of $152,495 M.

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.

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