Blue Granite Capital LLC Takes Position in International Business Machines Corp. (IBM)

Blue Granite Capital LLC bought a new stake in shares of International Business Machines Corp. (NYSE:IBM) during the 3rd quarter, Holdings Channel reports. The fund bought 4,656 shares of the technology company’s stock, valued at approximately $675,000.

Several other large investors also recently made changes to their positions in IBM. CKW Financial Group lifted its holdings in International Business Machines by 0.3% during the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after acquiring an additional 3 shares during the period. Milestone Group Inc. lifted its holdings in International Business Machines by 0.4% during the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after acquiring an additional 8 shares during the period. Hugh Johnson Advisors LLC lifted its holdings in International Business Machines by 0.9% during the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after acquiring an additional 12 shares during the period. BSW Wealth Partners lifted its holdings in International Business Machines by 0.4% during the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock worth $695,000 after acquiring an additional 14 shares during the period. Finally, Anchor Capital Advisors LLC lifted its holdings in International Business Machines by 0.9% during the second quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock worth $239,000 after acquiring an additional 14 shares during the period. 57.11% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $163.47 on Tuesday. 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 Corp. has a one year low of $139.13 and a one year high of $182.79. The stock has a market capitalization of $151,340.00, a price-to-earnings ratio of 13.65, a P/E/G ratio of 2.36 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (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 for the quarter, compared to analyst estimates of $18.63 billion. During the same period in the previous year, the company posted $3.29 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts anticipate that International Business Machines Corp. will post 13.78 earnings per share for the current year.

A number of brokerages recently commented on IBM. UBS Group reiterated a “neutral” rating and set a $160.00 price target (up from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. BMO Capital Markets reiterated a “market perform” rating and set a $170.00 price target (up from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. Drexel Hamilton reiterated a “buy” rating and set a $200.00 price target on shares of International Business Machines in a report on Tuesday, October 17th. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price target on shares of International Business Machines in a report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $160.01.

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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.

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

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