Candriam Luxembourg S.C.A. Reduces Position in International Business Machines Corp. (IBM)

Candriam Luxembourg S.C.A. lessened its stake in shares of International Business Machines Corp. (NYSE:IBM) by 2.6% during the third quarter, HoldingsChannel.com reports. The fund owned 74,423 shares of the technology company’s stock after selling 2,005 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in International Business Machines were worth $10,797,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. American National Bank raised its holdings in International Business Machines by 7.0% during the second quarter. American National Bank now owns 1,510 shares of the technology company’s stock worth $232,000 after buying an additional 99 shares during the last quarter. Robinson Value Management Ltd. raised its holdings in International Business Machines by 3.6% during the second quarter. Robinson Value Management Ltd. now owns 25,511 shares of the technology company’s stock worth $3,924,000 after buying an additional 895 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in International Business Machines by 0.4% during the second quarter. Xact Kapitalforvaltning AB now owns 141,940 shares of the technology company’s stock worth $21,835,000 after buying an additional 533 shares during the last quarter. Curbstone Financial Management Corp raised its holdings in International Business Machines by 110.3% during the second quarter. Curbstone Financial Management Corp now owns 5,368 shares of the technology company’s stock worth $826,000 after buying an additional 2,815 shares during the last quarter. Finally, First Command Bank raised its holdings in International Business Machines by 114.1% during the second quarter. First Command Bank now owns 14,700 shares of the technology company’s stock worth $2,262,000 after buying an additional 7,834 shares during the last quarter. Institutional investors own 57.11% of the company’s stock.

Several research analysts have weighed in on the stock. Societe Generale set a $152.00 price objective on shares of International Business Machines and gave the stock a “sell” rating in a report on Friday. BMO Capital Markets restated a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a report on Thursday. They noted that the move was a valuation call. Oppenheimer restated a “hold” rating on shares of International Business Machines in a report on Wednesday, October 18th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Royal Bank of Canada upgraded shares of International Business Machines from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $160.00 to $180.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $159.90.

Shares of International Business Machines Corp. (IBM) opened at $163.14 on Friday. The company has a market cap of $151,030.00, a PE ratio of 13.62, a PEG ratio of 2.39 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. 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 earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $3.29 earnings per share. sell-side analysts expect that International Business Machines Corp. will post 13.78 EPS for the current year.

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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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