International Business Machines Corporation (NYSE:IBM) Stake Held by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. held its position in International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,849 shares of the technology company’s stock at the end of the first quarter. Ausdal Financial Partners Inc.’s holdings in International Business Machines Corporation were worth $805,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBM. Norges Bank acquired a new position in International Business Machines Corporation during the fourth quarter valued at $1,366,710,000. AMF Pensionsforsakring AB raised its position in International Business Machines Corporation by 186.6% in the fourth quarter. AMF Pensionsforsakring AB now owns 745,277 shares of the technology company’s stock valued at $123,709,000 after buying an additional 485,195 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in International Business Machines Corporation by 16,199.2% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 406,012 shares of the technology company’s stock valued at $406,000 after buying an additional 403,521 shares in the last quarter. Janus Capital Management LLC raised its position in International Business Machines Corporation by 88.9% in the fourth quarter. Janus Capital Management LLC now owns 432,972 shares of the technology company’s stock valued at $71,869,000 after buying an additional 203,787 shares in the last quarter. Finally, Credit Agricole S A raised its position in International Business Machines Corporation by 15.9% in the fourth quarter. Credit Agricole S A now owns 1,306,073 shares of the technology company’s stock valued at $216,798,000 after buying an additional 179,057 shares in the last quarter. Hedge funds and other institutional investors own 58.16% of the company’s stock.

Shares of International Business Machines Corporation (NYSE:IBM) opened at 147.53 on Thursday. International Business Machines Corporation has a 12-month low of $146.71 and a 12-month high of $182.79. The firm has a market capitalization of $138.60 billion, a P/E ratio of 12.13 and a beta of 0.98. The company has a 50-day moving average price of $153.57 and a 200-day moving average price of $165.30. International Business Machines Corporation also was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 49,126 put options on the company. This represents an increase of approximately 655% compared to the typical daily volume of 6,510 put options.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 72.07%. The firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post $13.73 EPS for the current year.

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Several research analysts have weighed in on IBM shares. Vetr lowered International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 target price on the stock. in a report on Monday, April 17th. Goldman Sachs Group, Inc. (The) dropped their price target on International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Zacks Investment Research downgraded International Business Machines Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Morgan Stanley reissued an “overweight” rating and issued a $212.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $200.00 price target (down previously from $215.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $160.63.

In other news, Director James W. Owens acquired 1,718 shares of the firm’s stock in a transaction on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by 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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