Catawba Capital Management Va buys $4,953,108 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Catawba Capital Management Va scooped up 272 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 Oct 7, 2016. The investment management firm now holds a total of 31,818 shares of International Business Machines Corp. which is valued at $4,953,108.International Business Machines Corp. makes up approximately 1.19% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Stokes Hubbell Capital Management boosted its stake in IBM in the latest quarter, The investment management firm added 195 additional shares and now holds a total of 19,237 shares of International Business Machines Corp. which is valued at $2,994,624. International Business Machines Corp. makes up approx 1.25% of Stokes Hubbell Capital Management’s portfolio.Lenox Wealth Advisors reduced its stake in IBM by selling 176 shares or 11.25% in the most recent quarter. The Hedge Fund company now holds 1,389 shares of IBM which is valued at $218,184. International Business Machines Corp. makes up approx 0.06% of Lenox Wealth Advisors’s portfolio.Curbstone Financial Management Corp reduced its stake in IBM by selling 30 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 5,366 shares of IBM which is valued at $842,891. International Business Machines Corp. makes up approx 0.27% of Curbstone Financial Management Corp’s portfolio.Indiana Trust Investment Management Co reduced its stake in IBM by selling 250 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 10,341 shares of IBM which is valued at $1,624,364. International Business Machines Corp. makes up approx 0.85% of Indiana Trust Investment Management Co’s portfolio.First American Trust Fsb reduced its stake in IBM by selling 26 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 29,648 shares of IBM which is valued at $4,657,108. International Business Machines Corp. makes up approx 1.46% of First American Trust Fsb’s portfolio.

International Business Machines Corp. closed down -1.21 points or -0.77% at $155.67 with 26,71,852 shares getting traded on Friday. Post opening the session at $157.14, the shares hit an intraday low of $154.86 and an intraday high of $157.7 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.

Many Wall Street Analysts have commented on International Business Machines Corp.. International Business Machines Corp. was Upgraded by Societe Generale to ” Hold” on Sep 26, 2016. 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 .

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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