IFP Advisors Inc lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,007 shares of the technology company’s stock after selling 576 shares during the period. IFP Advisors Inc’s holdings in International Business Machines Corporation were worth $5,847,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IBM. Edge Wealth Management LLC raised its stake in shares of International Business Machines Corporation by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares in the last quarter. Horan Securities Inc. raised its stake in shares of International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of International Business Machines Corporation by 85.1% during the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after acquiring an additional 441 shares in the last quarter. CKW Financial Group raised its stake in shares of International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares in the last quarter. Finally, Grisanti Capital Management LLC raised its stake in shares of International Business Machines Corporation by 2.0% during the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

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Shares of International Business Machines Corporation (IBM) opened at 147.10 on Friday. The firm has a market capitalization of $137.09 billion, a price-to-earnings ratio of 12.21 and a beta of 0.95. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company’s 50-day moving average is $145.27 and its 200 day moving average is $151.86.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.95 earnings per share. Analysts anticipate that International Business Machines Corporation will post $13.75 EPS for the current fiscal year.

Several analysts have recently weighed in on IBM shares. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price target for the company in a research note on Monday, July 10th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research note on Friday, July 21st. Finally, Argus reissued a “buy” rating and issued a $175.00 price objective (down previously from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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