International Business Machines Corporation (IBM) Stake Lowered by Ronald Blue & Co. LLC

Ronald Blue & Co. LLC cut its stake in International Business Machines Corporation (NYSE:IBM) by 12.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,956 shares of the technology company’s stock after selling 1,412 shares during the quarter. Ronald Blue & Co. LLC’s holdings in International Business Machines Corporation were worth $1,532,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. K.J. Harrison & Partners Inc increased its stake in International Business Machines Corporation by 0.4% during the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after purchasing an additional 7 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its stake in International Business Machines Corporation by 0.5% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after purchasing an additional 7 shares in the last quarter. Milestone Group Inc. increased its stake in International Business Machines Corporation by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after purchasing an additional 8 shares in the last quarter. Gilbert & Cook Inc. increased its stake in International Business Machines Corporation by 0.6% during the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after purchasing an additional 12 shares in the last quarter. Finally, BSW Wealth Partners increased its stake in International Business Machines Corporation by 0.4% during the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock worth $695,000 after purchasing an additional 14 shares in the last quarter. 57.88% of the stock is owned by institutional investors.

International Business Machines Corporation (NYSE:IBM) opened at 148.50 on Wednesday. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock’s 50 day moving average is $144.78 and its 200 day moving average is $152.28. The company has a market capitalization of $138.39 billion, a PE ratio of 12.32 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.95 earnings per share. Analysts predict that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

IBM has been the subject of a number of research reports. Credit Suisse Group reissued an “underperform” rating and set a $110.00 target price (down from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. UBS AG reissued a “neutral” rating and set a $159.00 target price (down from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC reissued a “sell” rating and set a $125.00 target price on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Vetr cut International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price for the company. in a research note on Monday, July 24th. Finally, Berenberg Bank reissued a “sell” rating and set a $125.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $157.12.

TRADEMARK VIOLATION NOTICE: This article was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://stocknewstimes.com/2017/10/11/international-business-machines-corporation-ibm-stake-lowered-by-ronald-blue-co-llc.html.

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.

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).

Institutional Ownership by Quarter 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.

Latest News

Leave a Reply