One Capital Management LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,196 shares of the technology company’s stock after buying an additional 265 shares during the period. One Capital Management LLC’s holdings in International Business Machines Corporation were worth $382,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in International Business Machines Corporation during the fourth quarter worth approximately $117,000. Jackson Grant Investment Advisers Inc. increased its stake in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares in the last quarter. Pacific Center for Financial Services bought a new stake in International Business Machines Corporation during the fourth quarter worth approximately $195,000. Retirement Planning Group acquired a new stake in shares of International Business Machines Corporation during the first quarter valued at about $212,000. Finally, Numeric Investors LLC acquired a new stake in shares of International Business Machines Corporation during the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 58.16% of the company’s stock.
Shares of International Business Machines Corporation (NYSE:IBM) opened at 154.00 on Wednesday. International Business Machines Corporation has a 1-year low of $147.79 and a 1-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 company has a market cap of $144.68 billion, a price-to-earnings ratio of 12.66 and a beta of 0.98.
International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 74.46% and a net margin of 14.62%. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the previous year, the business earned $2.95 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that International Business Machines Corporation will post $13.68 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “International Business Machines Corporation (NYSE:IBM) Shares Bought by One Capital Management LLC” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2017/07/19/international-business-machines-corporation-nyseibm-shares-bought-by-one-capital-management-llc.html.
Several equities research analysts have issued reports on the company. Drexel Hamilton restated a “buy” rating and issued a $200.00 price target on shares of International Business Machines Corporation in a report on Tuesday. Vetr downgraded International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $157.56 price target for the company. in a report on Monday. Credit Suisse Group restated an “underperform” rating and issued a $110.00 price target on shares of International Business Machines Corporation in a report on Monday. Guggenheim restated a “hold” rating on shares of International Business Machines Corporation in a report on Friday, July 14th. Finally, Jefferies Group LLC restated an “underperform” rating and issued a $125.00 price target (down from $135.00) on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $161.15.
In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average price of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.
About International Business Machines Corporation
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.
Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).
Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
