International Business Machines Corp. (IBM) : R.h. Dinel Investment Counsel has sold out all of its stake in International Business Machines Corp. during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 5,480 shares of International Business Machines Corp. which is valued at $853,072.
Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in IBM by selling 19 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 1,941 shares of IBM which is valued at $302,155. International Business Machines Corp. makes up approx 0.09% of Central Bank Trust Co’s portfolio.Independence Advisors boosted its stake in IBM in the latest quarter, The investment management firm added 475 additional shares and now holds a total of 1,999 shares of International Business Machines Corp. which is valued at $311,184. International Business Machines Corp. makes up approx 0.15% of Independence Advisors’s portfolio.Boltwood Capital Management boosted its stake in IBM in the latest quarter, The investment management firm added 587 additional shares and now holds a total of 3,933 shares of International Business Machines Corp. which is valued at $617,796. International Business Machines Corp. makes up approx 0.50% of Boltwood Capital Management’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.Summit Financial Wealth Advisors reduced its stake in IBM by selling 344 shares or 4.74% in the most recent quarter. The Hedge Fund company now holds 6,916 shares of IBM which is valued at $1,086,365. International Business Machines Corp. makes up approx 0.47% of Summit Financial Wealth Advisors’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.