International Business Machines Co. (NYSE:IBM) Shares Sold by Country Club Trust Company n.a.

Country Club Trust Company n.a. lowered its stake in International Business Machines Co. (NYSE:IBM) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,897 shares of the technology company’s stock after selling 1,857 shares during the quarter. International Business Machines comprises about 0.9% of Country Club Trust Company n.a.’s portfolio, making the stock its 29th biggest holding. Country Club Trust Company n.a.’s holdings in International Business Machines were worth $8,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IBM. Ziegler Capital Management LLC boosted its position in shares of International Business Machines by 5.2% in the third quarter. Ziegler Capital Management LLC now owns 107,821 shares of the technology company’s stock valued at $13,118,000 after acquiring an additional 5,323 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of International Business Machines by 16.1% in the third quarter. Great Valley Advisor Group Inc. now owns 4,999 shares of the technology company’s stock valued at $608,000 after acquiring an additional 693 shares during the period. WealthTrust Axiom LLC boosted its position in shares of International Business Machines by 1.6% in the third quarter. WealthTrust Axiom LLC now owns 73,585 shares of the technology company’s stock valued at $8,953,000 after acquiring an additional 1,155 shares during the period. Conning Inc. boosted its position in shares of International Business Machines by 1.5% in the third quarter. Conning Inc. now owns 12,826 shares of the technology company’s stock valued at $1,561,000 after acquiring an additional 190 shares during the period. Finally, Financial Sense Advisors Inc. boosted its position in shares of International Business Machines by 2.7% in the third quarter. Financial Sense Advisors Inc. now owns 34,183 shares of the technology company’s stock valued at $4,159,000 after acquiring an additional 886 shares during the period. 56.11% of the stock is owned by institutional investors and hedge funds.

In other International Business Machines news, SVP Diane J. Gherson sold 1,215 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $127.00, for a total transaction of $154,305.00. Following the transaction, the senior vice president now owns 30,597 shares in the company, valued at $3,885,819. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Diane J. Gherson sold 1,176 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $126.73, for a total value of $149,034.48. Following the transaction, the senior vice president now owns 31,767 shares in the company, valued at approximately $4,025,831.91. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Shares of NYSE:IBM traded up $0.24 during midday trading on Friday, reaching $116.00. The company’s stock had a trading volume of 3,893,362 shares, compared to its average volume of 5,635,484. International Business Machines Co. has a fifty-two week low of $90.56 and a fifty-two week high of $158.75. The company has a market capitalization of $103.31 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.46 and a beta of 1.16. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.04 and a quick ratio of 0.99. The business’s fifty day simple moving average is $122.46 and its 200-day simple moving average is $122.60.

International Business Machines (NYSE:IBM) last announced its earnings results on Monday, October 19th. The technology company reported $2.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $2.58. The company had revenue of $17.56 billion during the quarter, compared to analyst estimates of $17.56 billion. International Business Machines had a return on equity of 49.12% and a net margin of 10.53%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $2.68 earnings per share. On average, analysts forecast that International Business Machines Co. will post 10.94 earnings per share for the current fiscal year.

Several research analysts recently commented on the company. BMO Capital Markets reduced their target price on International Business Machines from $140.00 to $138.00 and set a “market perform” rating for the company in a research report on Tuesday. ValuEngine cut International Business Machines from a “hold” rating to a “sell” rating in a research report on Wednesday. Argus raised International Business Machines from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on International Business Machines from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, Zacks Investment Research lowered International Business Machines from a “hold” rating to a “sell” rating and set a $124.00 price objective for the company. in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $139.06.

International Business Machines Profile

International Business Machines Corporation operates as an integrated solutions and services company worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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

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