Country Club Trust Company N.a. buys $16,294,012 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Country Club Trust Company N.a. scooped up 3,158 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 14, 2016. The investment management firm now holds a total of 105,497 shares of International Business Machines Corp. which is valued at $16,294,012.International Business Machines Corp. makes up approximately 2.35% of Country Club Trust Company N.a.’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in IBM in the latest quarter, The investment management firm added 4,868 additional shares and now holds a total of 218,169 shares of International Business Machines Corp. which is valued at $33,696,202. International Business Machines Corp. makes up approx 0.75% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Grassi Investment Management reduced its stake in IBM by selling 999 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 45,794 shares of IBM which is valued at $7,088,453. International Business Machines Corp. makes up approx 1.37% of Grassi Investment Management’s portfolio.Arvest Bank Trust Division boosted its stake in IBM in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 83,422 shares of International Business Machines Corp. which is valued at $12,986,303. International Business Machines Corp. makes up approx 1.09% of Arvest Bank Trust Division’s portfolio.Telemus Capital reduced its stake in IBM by selling 91 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 4,332 shares of IBM which is valued at $680,471. International Business Machines Corp. makes up approx 0.08% of Telemus Capital’s portfolio.Beacon Financial Group reduced its stake in IBM by selling 143 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 72,662 shares of IBM which is valued at $11,413,747. International Business Machines Corp. makes up approx 2.40% of Beacon Financial Group’s portfolio.

International Business Machines Corp. opened for trading at $154.47 and hit $155.53 on the upside on Friday, eventually ending the session at $154.45, with a gain of 0.47% or 0.73 points. The heightened volatility saw the trading volume jump to 43,58,197 shares. Company has a market cap of $147,630 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 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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