Todays Report: Today: Markston International LLC Sold shares of International Business Machines Corp. (IBM)

Today: Markston International LLC Sold shares of International Business Machines Corp. (IBM)

Markston International LLC lowered its stake in International Business Machines Corp. (NYSE:IBM) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,999 shares of the technology company’s stock after selling 87 shares during the period. International Business Machines Corp. makes up 1.1% of Markston International LLC’s portfolio, making the stock its 29th largest position. Markston International LLC’s holdings in International Business Machines Corp. were worth $12,142,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Round Table Services LLC increased 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. increased 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 increased 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 increased 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 increased 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. Institutional investors and hedge funds own 57.61% of the company’s stock.

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.47% during trading on Friday, reaching $154.45. 4,358,197 shares of the company’s stock were exchanged. The firm has a market capitalization of $147.63 billion, a P/E ratio of 12.56 and a beta of 0.88. The company has a 50 day moving average of $156.85 and a 200 day moving average of $154.25. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00.

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

A number of equities research analysts recently commented on the stock. Barclays PLC restated a “sell” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Morgan Stanley restated a “buy” rating and issued a $168.00 price objective on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Vetr downgraded shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $150.47 price objective for the company. in a research report on Monday, July 11th. Finally, Drexel Hamilton restated a “buy” rating and issued a $166.00 price objective on shares of International Business Machines Corp. in a research report on Friday, July 15th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $154.47.

In other International Business Machines Corp. news, insider Erich Clementi sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $160.28, for a total value of $961,680.00. Following the transaction, the insider now owns 25,100 shares in the company, valued at approximately $4,023,028. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John E. Kelly III sold 6,698 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total transaction of $1,077,641.22. Following the completion of the transaction, the insider now owns 33,576 shares in the company, valued at approximately $5,402,042.64. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

About International Business Machines Corp.

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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