International Business Machines Corp. (IBM) : Dorchester Wealth Management Co scooped up 5 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 17, 2016. The investment management firm now holds a total of 27,372 shares of International Business Machines Corp. which is valued at $4,227,605.International Business Machines Corp. makes up approximately 1.60% of Dorchester Wealth Management Co’s portfolio.
Other Hedge Funds, Including , Btim Corp. reduced its stake in IBM by selling 374 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 33,180 shares of IBM which is valued at $5,124,651. International Business Machines Corp. makes up approx 0.09% of Btim Corp.’s portfolio.Wealthcare Capital Management boosted its stake in IBM in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 354 shares of International Business Machines Corp. which is valued at $54,417. International Business Machines Corp. makes up approx 0.01% of Wealthcare Capital Management’s portfolio.North Star Investment Management Corp. reduced its stake in IBM by selling 247 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 11,968 shares of IBM which is valued at $1,852,527. International Business Machines Corp. makes up approx 0.33% of North Star Investment Management Corp.’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.
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 $3.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $3.23. The company had revenue of $19226.00 million for the quarter, compared to analysts expectations of $19011.02 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.34 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.
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.