American National Registered Investment Advisor Inc. Sells 80 Shares of International Business Machines Corporation (NYSE:IBM)

American National Registered Investment Advisor Inc. reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,806 shares of the technology company’s stock after selling 80 shares during the period. American National Registered Investment Advisor Inc.’s holdings in International Business Machines Corporation were worth $1,355,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in IBM. Gyroscope Capital Management Group LLC raised its position in International Business Machines Corporation by 1.3% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 6,698 shares of the technology company’s stock valued at $1,112,000 after buying an additional 84 shares during the period. Rafferty Asset Management LLC bought a new position in International Business Machines Corporation during the fourth quarter valued at $5,081,000. Telemark Asset Management LLC bought a new position in International Business Machines Corporation during the fourth quarter valued at $16,599,000. Iberiabank Corp bought a new position in International Business Machines Corporation during the fourth quarter valued at $368,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in International Business Machines Corporation during the fourth quarter valued at $2,409,000. 58.16% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE:IBM) opened at 149.60 on Wednesday. International Business Machines Corporation has a one year low of $147.79 and a one year high of $182.79. The firm has a 50-day moving average price of $153.68 and a 200-day moving average price of $165.43. The firm has a market cap of $140.55 billion, a PE ratio of 12.30 and a beta of 0.98. International Business Machines Corporation also saw some unusual options trading on Tuesday. Traders purchased 49,126 put options on the stock. This is an increase of approximately 655% compared to the typical volume of 6,510 put options.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 74.46% and a net margin of 14.62%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.95 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.68 EPS for the current fiscal year.

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Several research firms have weighed in on IBM. UBS AG reaffirmed a “neutral” rating and set a $167.00 price target (down previously from $185.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Zacks Investment Research raised International Business Machines Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and set a $165.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, July 12th. Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 target price on shares of International Business Machines Corporation in a research note on Wednesday. Finally, Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 target price for the company in a research note on Monday, July 10th. Seven investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $160.63.

In other International Business Machines Corporation news, Director James W. Owens acquired 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.

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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