John G Ullman & Associates Inc. grew its stake in shares of International Business Machines Corp. (NYSE:IBM) by 7.8% in the 3rd quarter, Holdings Channel reports. The firm owned 66,898 shares of the technology company’s stock after acquiring an additional 4,817 shares during the quarter. International Business Machines comprises approximately 1.9% of John G Ullman & Associates Inc.’s holdings, making the stock its 15th biggest position. John G Ullman & Associates Inc. owned 72.26% of International Business Machines worth $9,706,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of IBM. Herndon Capital Management LLC grew its holdings in International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares in the last quarter. Edge Wealth Management LLC grew its holdings in International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares in the last quarter. ETF Managers Group LLC bought a new position in International Business Machines in the 2nd quarter worth approximately $121,000. Peddock Capital Advisors LLC grew its holdings in International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares in the last quarter. Finally, Horan Securities Inc. grew its holdings in International Business Machines by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares in the last quarter. 57.11% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the company. Societe Generale set a $152.00 price objective on International Business Machines and gave the stock a “sell” rating in a report on Friday. BMO Capital Markets reissued a “hold” rating and issued a $175.00 price objective on shares of International Business Machines in a 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 report on Wednesday, October 18th. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Royal Bank of Canada raised International Business Machines from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $160.00 to $180.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Seven 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’s stock. International Business Machines presently has an average rating of “Hold” and a consensus price target of $159.90.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $163.14 on Friday. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a market capitalization of $151,030.00, a price-to-earnings ratio of 13.62, a PEG ratio of 2.36 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 (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. sell-side analysts forecast that International Business Machines Corp. will post 13.78 earnings per share for the current fiscal year.

WARNING: “John G Ullman & Associates Inc. Buys 4,817 Shares of International Business Machines Corp. (IBM)” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/john-g-ullman-associates-inc-buys-4817-shares-of-international-business-machines-corp-ibm/1805310.html.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corp. (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with Analyst Ratings Network's FREE daily email newsletter.