Trade Report: Today: 11,220 Shares of International Business Machines Corp. (IBM) are sold by Stonebridge Capital Management Inc.

Today: 11,220 Shares of International Business Machines Corp. (IBM) are sold by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. decreased its stake in shares of International Business Machines Corp. (NYSE:IBM) by 34.9% during the second quarter, Holdings Channel reports. The institutional investor owned 20,898 shares of the technology company’s stock after selling 11,220 shares during the period. International Business Machines Corp. comprises 1.4% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 23rd largest position. Stonebridge Capital Management Inc.’s holdings in International Business Machines Corp. were worth $3,172,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in IBM. Round Table Services LLC raised its stake in shares of International Business Machines Corp. 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 period. Nadler Financial Group Inc. raised its stake in shares of International Business Machines Corp. by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,243 shares of the technology company’s stock valued at $340,000 after buying an additional 8 shares during the period. Alpha Windward LLC raised its stake in shares of International Business Machines Corp. by 1.1% in the second quarter. Alpha Windward LLC now owns 1,324 shares of the technology company’s stock valued at $201,000 after buying an additional 15 shares during the period. Bremer Trust National Association raised its stake in shares of International Business Machines Corp. by 0.4% in the second quarter. Bremer Trust National Association now owns 6,063 shares of the technology company’s stock valued at $921,000 after buying an additional 27 shares during the period. Finally, Roberts Glore & Co. Inc. IL raised its stake in shares of International Business Machines Corp. by 1.3% in the first quarter. Roberts Glore & Co. Inc. IL now owns 2,194 shares of the technology company’s stock valued at $332,000 after buying an additional 28 shares during the period. 57.61% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Corp. (NYSE:IBM) traded up 0.47% during midday trading on Friday, reaching $154.45. The company’s stock had a trading volume of 4,358,197 shares. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00. The firm has a 50 day moving average price of $156.85 and a 200-day moving average price of $154.25. The company has a market cap of $147.63 billion, a P/E ratio of 12.56 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.06. The business earned $20.20 billion during the quarter, compared to analyst estimates of $20.03 billion. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $3.84 EPS. On average, equities research analysts predict that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

Several research analysts have commented on IBM shares. Societe Generale set a $160.00 target price on International Business Machines Corp. and gave the stock a “neutral” rating in a research note on Tuesday, September 27th. Credit Suisse Group AG restated a “sell” rating on shares of International Business Machines Corp. in a research note on Wednesday, July 13th. Cantor Fitzgerald restated a “hold” rating and issued a $135.00 target price on shares of International Business Machines Corp. in a research note on Wednesday, July 6th. Zacks Investment Research upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Citigroup Inc. raised their target price on International Business Machines Corp. from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $154.47.

In related news, insider Erich Clementi sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $160.28, for a total transaction of $961,680.00. Following the completion of the sale, the insider now directly owns 25,100 shares of the company’s stock, valued at approximately $4,023,028. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Leblanc sold 15,708 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total value of $2,548,623.00. Following the sale, the insider now directly owns 61,374 shares of the company’s stock, valued at $9,957,931.50. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

International Business Machines Corp. 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).

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