World Asset Management Inc Increases Holdings in International Business Machines Corp. (IBM)

World Asset Management Inc boosted its stake in International Business Machines Corp. (NYSE:IBM) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,992 shares of the technology company’s stock after acquiring an additional 551 shares during the period. World Asset Management Inc owned 9,504.53% of International Business Machines worth $12,766,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in IBM. American National Bank increased its stake in shares of International Business Machines by 7.0% in the second quarter. American National Bank now owns 1,510 shares of the technology company’s stock worth $232,000 after purchasing an additional 99 shares in the last quarter. Robinson Value Management Ltd. increased its stake in shares of International Business Machines by 3.6% in the second quarter. Robinson Value Management Ltd. now owns 25,511 shares of the technology company’s stock worth $3,924,000 after purchasing an additional 895 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of International Business Machines by 0.4% in the second quarter. Xact Kapitalforvaltning AB now owns 141,940 shares of the technology company’s stock worth $21,835,000 after purchasing an additional 533 shares in the last quarter. Curbstone Financial Management Corp increased its stake in shares of International Business Machines by 110.3% in the second quarter. Curbstone Financial Management Corp now owns 5,368 shares of the technology company’s stock worth $826,000 after purchasing an additional 2,815 shares in the last quarter. Finally, First Command Bank increased its stake in shares of International Business Machines by 114.1% in the second quarter. First Command Bank now owns 14,700 shares of the technology company’s stock worth $2,262,000 after purchasing an additional 7,834 shares in the last quarter. 57.11% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corp. (NYSE:IBM) opened at $163.14 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corp. has a 12 month low of $139.13 and a 12 month high of $182.79. The company has a market cap of $151,030.00, a P/E ratio of 13.62, a P/E/G ratio of 2.36 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the previous year, the company earned $3.29 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. equities analysts forecast that International Business Machines Corp. will post 13.78 EPS for the current year.

Several equities analysts have recently weighed in on IBM shares. Drexel Hamilton reiterated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a research note on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 target price on shares of International Business Machines in a research note on Friday, October 6th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Vetr upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 target price for the company in a research note on Tuesday, October 24th. Finally, Pivotal Research started coverage on shares of International Business Machines in a research note on Friday, October 27th. They issued a “buy” rating and a $180.00 target price for the company. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $159.90.

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About International Business Machines

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 (NYSE:IBM)

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