Brown Advisory Securities LLC lessened its holdings in International Business Machines Corp. (NYSE:IBM) by 4.3% during the third quarter, HoldingsChannel reports. The firm owned 19,546 shares of the technology company’s stock after selling 878 shares during the period. Brown Advisory Securities LLC’s holdings in International Business Machines were worth $2,844,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IBM. American National Bank lifted its position in shares of International Business Machines by 7.0% in the second quarter. American National Bank now owns 1,510 shares of the technology company’s stock worth $232,000 after purchasing an additional 99 shares in the last quarter. Robinson Value Management Ltd. lifted its position in shares of International Business Machines by 3.6% in the second quarter. Robinson Value Management Ltd. now owns 25,511 shares of the technology company’s stock worth $3,924,000 after purchasing an additional 895 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of International Business Machines by 0.4% in the second quarter. Xact Kapitalforvaltning AB now owns 141,940 shares of the technology company’s stock worth $21,835,000 after purchasing an additional 533 shares in the last quarter. Curbstone Financial Management Corp lifted its position in shares of International Business Machines by 110.3% in the second quarter. Curbstone Financial Management Corp now owns 5,368 shares of the technology company’s stock worth $826,000 after purchasing an additional 2,815 shares in the last quarter. Finally, First Command Bank lifted its position in shares of International Business Machines by 114.1% in the second quarter. First Command Bank now owns 14,700 shares of the technology company’s stock worth $2,262,000 after purchasing an additional 7,834 shares in the last quarter. 57.11% of the stock is currently owned by institutional investors and hedge funds.

IBM has been the topic of a number of research reports. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a research report on Friday, October 13th. Stifel Nicolaus restated a “buy” rating and set a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada restated a “hold” rating and set a $160.00 target price on shares of International Business Machines in a report on Wednesday, November 15th. Goldman Sachs Group set a $170.00 target price on shares of International Business Machines and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Finally, Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 target price on the stock in a report on Wednesday, December 6th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the stock. International Business Machines currently has an average rating of “Hold” and an average target price of $159.90.

International Business Machines Corp. (NYSE:IBM) opened at $163.14 on Friday. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a market cap of $151,030.00, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the previous year, the company earned $3.29 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. equities research analysts predict that International Business Machines Corp. will post 13.78 EPS for the current year.

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About International Business Machines

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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