Cambridge Trust Co. Has $2.83 Million Stake in International Business Machines Corp. (IBM)

Cambridge Trust Co. decreased its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 11.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,495 shares of the technology company’s stock after selling 2,515 shares during the period. Cambridge Trust Co.’s holdings in International Business Machines were worth $2,828,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Private Capital Management Inc. grew its holdings in International Business Machines by 71.3% during the third quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock valued at $497,000 after purchasing an additional 1,425 shares during the period. Convergence Investment Partners LLC grew its holdings in International Business Machines by 3.2% during the second quarter. Convergence Investment Partners LLC now owns 16,170 shares of the technology company’s stock valued at $2,488,000 after purchasing an additional 504 shares during the period. Hourglass Capital LLC grew its holdings in International Business Machines by 83.5% during the second quarter. Hourglass Capital LLC now owns 51,680 shares of the technology company’s stock valued at $7,950,000 after purchasing an additional 23,510 shares during the period. Flippin Bruce & Porter Inc. grew its holdings in International Business Machines by 6.2% during the second quarter. Flippin Bruce & Porter Inc. now owns 85,378 shares of the technology company’s stock valued at $13,134,000 after purchasing an additional 4,956 shares during the period. Finally, Intl Fcstone Inc. acquired a new position in International Business Machines during the second quarter valued at approximately $1,116,000. Institutional investors own 57.11% of the company’s stock.

A number of research analysts recently issued reports on the stock. UBS Group restated a “neutral” rating and set a $160.00 price objective (up previously from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $170.00 price target (up previously from $167.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Drexel Hamilton reaffirmed a “buy” rating and issued a $200.00 price target on shares of International Business Machines in a research note on Tuesday, October 17th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price target on shares of International Business Machines in a research note on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $160.01.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $163.83 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The company has a market cap of $151,670.00, a price-to-earnings ratio of 13.68, a PEG ratio of 2.36 and a beta of 0.94. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. research analysts forecast that International Business Machines Corp. will post 13.78 EPS for the current year.

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International Business Machines Profile

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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