Hennessy Advisors Inc. boosted its stake in shares of International Business Machines Corp. (NYSE:IBM) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,751 shares of the technology company’s stock after purchasing an additional 570 shares during the quarter. Hennessy Advisors Inc.’s holdings in International Business Machines were worth $11,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. Herndon Capital Management LLC boosted its position in shares of 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 acquiring an additional 195 shares in the last quarter. Edge Wealth Management LLC boosted its position in shares of 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 acquiring an additional 40 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines during the 2nd quarter worth about $121,000. Peddock Capital Advisors LLC boosted its position in shares of 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 acquiring an additional 62 shares in the last quarter. Finally, Horan Securities Inc. boosted its position in shares of 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 acquiring an additional 837 shares in the last quarter. Institutional investors own 57.11% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $163.14 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The company has a market capitalization of $151,030.00, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. International Business Machines Corp. has a one year low of $139.13 and a one year high of $182.79.

International Business Machines (NYSE:IBM) last posted 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. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.29 EPS. equities research analysts predict that International Business Machines Corp. will post 13.78 earnings per share for the current year.

Several research firms have recently issued reports on IBM. Societe Generale set a $152.00 price objective on International Business Machines and gave the stock a “sell” rating in a research report on Friday. BMO Capital Markets reaffirmed a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research report on Thursday. They noted that the move was a valuation call. Oppenheimer reissued a “hold” rating on shares of International Business Machines in a research report on Wednesday, October 18th. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Royal Bank of Canada raised International Business Machines from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $160.00 to $180.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $159.90.

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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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