International Business Machines Corporation (IBM) Holdings Maintained by Hartford Financial Management Inc.

Hartford Financial Management Inc. maintained its stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,002 shares of the technology company’s stock at the end of the second quarter. Hartford Financial Management Inc.’s holdings in International Business Machines Corporation were worth $769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SeaBridge Investment Advisors LLC increased its position in shares of International Business Machines Corporation by 18.9% during the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after acquiring an additional 12,236 shares during the last quarter. Intellectus Partners LLC increased its position in shares of International Business Machines Corporation by 9.8% during the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after acquiring an additional 1,496 shares during the last quarter. CKW Financial Group increased its position in shares of International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the last quarter. Argus Investors Counsel Inc. increased its position in shares of International Business Machines Corporation by 10.9% during the second quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after acquiring an additional 2,651 shares during the last quarter. Finally, SOL Capital Management CO increased its position in shares of International Business Machines Corporation by 0.6% during the second quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 57.88% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) opened at 147.62 on Thursday. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market capitalization of $137.57 billion, a P/E ratio of 12.25 and a beta of 0.95. The firm’s 50-day moving average is $144.97 and its 200 day moving average is $152.25.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.95 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

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A number of analysts have recently issued reports on IBM shares. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 target price on the stock in a research report on Monday, July 10th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Drexel Hamilton reissued a “buy” rating and issued a $200.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Finally, Argus reissued a “buy” rating and issued a $175.00 price objective (down from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $157.12.

About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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