IBM Stock: Fiduciary Trust Co. Decreases Holdings in International Business Machines Corp

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Fiduciary Trust Co. lessened its position in shares of International Business Machines Corp. (NYSE:IBM) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,987 shares of the technology company’s stock after selling 4,301 shares during the period. Fiduciary Trust Co.’s holdings in International Business Machines were worth $15,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in International Business Machines by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 242,218 shares of the technology company’s stock worth $35,141,000 after purchasing an additional 2,339 shares during the period. Jacobi Capital Management LLC grew its holdings in International Business Machines by 18.9% in the third quarter. Jacobi Capital Management LLC now owns 4,628 shares of the technology company’s stock worth $682,000 after purchasing an additional 735 shares during the period. Golub Group LLC grew its holdings in International Business Machines by 14.3% in the third quarter. Golub Group LLC now owns 8,100 shares of the technology company’s stock worth $1,175,000 after purchasing an additional 1,014 shares during the period. Stoneridge Investment Partners LLC grew its holdings in International Business Machines by 9.6% in the third quarter. Stoneridge Investment Partners LLC now owns 51,241 shares of the technology company’s stock worth $7,434,000 after purchasing an additional 4,506 shares during the period. Finally, Bristol Advisors LLC grew its holdings in International Business Machines by 31.0% in the third quarter. Bristol Advisors LLC now owns 3,800 shares of the technology company’s stock worth $551,000 after purchasing an additional 900 shares during the period. 57.12% of the stock is owned by institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $169.12 on Friday. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The company has a market cap of $156,134.72, a price-to-earnings ratio of 14.13, a P/E/G ratio of 2.46 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same period in the prior year, the business earned $5.01 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. equities analysts anticipate that International Business Machines Corp. will post 13.79 earnings per share for the current fiscal year.

IBM has been the subject of a number of analyst reports. Jefferies Group reiterated a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a report on Thursday, September 21st. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price target on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price target on shares of International Business Machines in a research report on Friday, October 13th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. International Business Machines has an average rating of “Hold” and an average price target of $163.32.

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.

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

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