GFS Advisors LLC Decreases Position in International Business Machines Corp. (IBM)

GFS Advisors LLC decreased its position in shares of International Business Machines Corp. (NYSE:IBM) by 65.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,400 shares of the technology company’s stock after selling 4,485 shares during the period. GFS Advisors LLC’s holdings in International Business Machines were worth $348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Herndon Capital Management LLC increased its holdings in International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares during the period. Edge Wealth Management LLC increased its holdings in International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares during the period. ETF Managers Group LLC purchased a new stake in International Business Machines during the 2nd quarter worth about $121,000. Peddock Capital Advisors LLC increased its holdings in International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares during the period. Finally, Horan Securities Inc. increased its holdings in International Business Machines by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares during the period. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

IBM has been the topic of several recent research reports. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $182.00 price target on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada restated a “hold” rating on shares of International Business Machines in a report on Friday, October 13th. Cantor Fitzgerald restated a “hold” rating and set a $154.00 price target on shares of International Business Machines in a report on Friday, October 13th. Finally, Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $164.51.

International Business Machines Corp. (IBM) opened at $162.37 on Friday. The stock has a market capitalization of $156,569.84, a P/E ratio of 12.23, a P/E/G ratio of 2.46 and a beta of 0.94. 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.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The firm had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 68.39% and a net margin of 7.27%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.01 EPS. analysts expect that International Business Machines Corp. will post 13.86 earnings per share for the current fiscal year.

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International Business Machines 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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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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