Rosenbaum Jay D. continued to hold its stake in International Business Machines Corporation (NYSE:IBM) during the third quarter, Holdings Channel reports. The institutional investor owned 1,880 shares of the technology company’s stock at the end of the third quarter. Rosenbaum Jay D.’s holdings in International Business Machines Corporation were worth $299,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its stake in International Business Machines Corporation by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock valued at $110,000 after buying an additional 5 shares during the last quarter. Round Table Services LLC boosted its stake in International Business Machines Corporation by 0.4% in the second quarter. Round Table Services LLC now owns 1,620 shares of the technology company’s stock valued at $246,000 after buying an additional 6 shares during the last quarter. Alpha Windward LLC boosted its stake in International Business Machines Corporation by 0.7% in the third quarter. Alpha Windward LLC now owns 1,333 shares of the technology company’s stock valued at $212,000 after buying an additional 9 shares during the last quarter. Financial & Investment Management Group Ltd. boosted its stake in International Business Machines Corporation by 0.7% in the third quarter. Financial & Investment Management Group Ltd. now owns 1,934 shares of the technology company’s stock valued at $307,000 after buying an additional 13 shares during the last quarter. Finally, Rench Wealth Management Inc. boosted its stake in International Business Machines Corporation by 1.0% in the second quarter. Rench Wealth Management Inc. now owns 1,436 shares of the technology company’s stock valued at $218,000 after buying an additional 14 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

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

Shares of International Business Machines Corporation (NYSE:IBM) traded down 0.36% during midday trading on Friday, reaching $167.34. 2,875,433 shares of the company’s stock were exchanged. The firm has a market cap of $159.12 billion, a PE ratio of 13.63 and a beta of 0.97. International Business Machines Corporation has a one year low of $116.90 and a one year high of $169.95. The stock’s 50-day moving average is $165.86 and its 200 day moving average is $159.38.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Monday, October 17th. The technology company reported $3.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.05. International Business Machines Corporation had a net margin of 14.75% and a return on equity of 82.86%. The firm had revenue of $19.23 billion for the quarter, compared to the consensus estimate of $19 billion. During the same period last year, the firm earned $3.34 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts anticipate that International Business Machines Corporation will post $13.49 EPS for the current year.

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Several analysts recently issued reports on the company. Cantor Fitzgerald set a $162.00 target price on International Business Machines Corporation and gave the stock a “hold” rating in a research note on Saturday, October 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $187.00 price objective (up from $179.00) on shares of International Business Machines Corporation in a research report on Friday. RBC Capital Markets reaffirmed a “sector perform” rating and set a $170.00 price objective (up from $165.00) on shares of International Business Machines Corporation in a research report on Friday. Stifel Nicolaus lifted their price objective on International Business Machines Corporation from $165.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Goldman Sachs Group, Inc. (The) cut their price objective on International Business Machines Corporation from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $160.55.

In other International Business Machines Corporation news, insider Michael D. Rhodin sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $152.31, for a total value of $152,310.00. Following the completion of the sale, the insider now directly owns 19,651 shares in the company, valued at $2,993,043.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kralingen Bridget A. Van sold 330 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $152.05, for a total transaction of $50,176.50. Following the completion of the sale, the insider now owns 6,977 shares of the company’s stock, valued at $1,060,852.85. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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