International Business Machines Co. (NYSE:IBM) Shares Sold by Investment House LLC


Share on StockTwits

Investment House LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,122 shares of the technology company’s stock after selling 530 shares during the quarter. Investment House LLC’s holdings in International Business Machines were worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of IBM. Charles Schwab Investment Management Inc. lifted its position in International Business Machines by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,628,307 shares of the technology company’s stock worth $1,414,817,000 after acquiring an additional 394,178 shares during the period. Morgan Stanley boosted its holdings in shares of International Business Machines by 7.7% in the third quarter. Morgan Stanley now owns 9,261,401 shares of the technology company’s stock valued at $1,126,834,000 after acquiring an additional 658,340 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of International Business Machines by 5.9% during the third quarter. Nuveen Asset Management LLC now owns 4,017,950 shares of the technology company’s stock worth $488,864,000 after buying an additional 224,610 shares during the period. LSV Asset Management lifted its holdings in shares of International Business Machines by 4.7% in the 3rd quarter. LSV Asset Management now owns 3,298,009 shares of the technology company’s stock valued at $401,268,000 after buying an additional 148,686 shares during the period. Finally, First Trust Advisors LP lifted its holdings in International Business Machines by 14.8% in the third quarter. First Trust Advisors LP now owns 2,991,072 shares of the technology company’s stock valued at $363,924,000 after acquiring an additional 386,019 shares during the period. Institutional investors and hedge funds own 51.92% of the company’s stock.

Several brokerages recently issued reports on IBM. ValuEngine upgraded International Business Machines from a “sell” rating to a “hold” rating in a research report on Monday, November 2nd. Morgan Stanley increased their price target on International Business Machines from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, October 9th. Zacks Investment Research lowered shares of International Business Machines from a “hold” rating to a “sell” rating and set a $124.00 price target for the company. in a report on Wednesday, October 21st. Finally, BMO Capital Markets decreased their price target on shares of International Business Machines from $140.00 to $138.00 and set a “market perform” rating for the company in a research report on Tuesday, October 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. International Business Machines has an average rating of “Hold” and a consensus price target of $139.06.

Shares of IBM stock traded down $2.29 during trading hours on Wednesday, hitting $126.92. 7,583,219 shares of the company were exchanged, compared to its average volume of 5,671,115. The business has a 50 day moving average of $125.45 and a two-hundred day moving average of $122.28. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 2.58. International Business Machines Co. has a 52 week low of $90.56 and a 52 week high of $158.75. The company has a market capitalization of $113.09 billion, a PE ratio of 14.37, a PEG ratio of 4.32 and a beta of 1.25.

International Business Machines (NYSE:IBM) last released its earnings results on Monday, October 19th. The technology company reported $2.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.58. The firm had revenue of $17.56 billion during the quarter, compared to analysts’ expectations of $17.56 billion. International Business Machines had a return on equity of 48.69% and a net margin of 10.53%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.68 EPS. On average, research analysts forecast that International Business Machines Co. will post 8.78 EPS for the current year.

In other International Business Machines news, Director David N. Farr bought 1,500 shares of International Business Machines stock in a transaction dated Thursday, October 29th. The stock was bought at an average cost of $107.74 per share, for a total transaction of $161,610.00. Following the purchase, the director now owns 6,758 shares of the company’s stock, valued at approximately $728,106.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sidney Taurel bought 5,000 shares of International Business Machines stock in a transaction dated Tuesday, October 27th. The shares were acquired at an average price of $110.75 per share, with a total value of $553,750.00. Following the completion of the purchase, the director now directly owns 28,798 shares in the company, valued at approximately $3,189,378.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,387 shares of company stock valued at $1,513,946. 0.24% of the stock is owned by corporate insiders.

International Business Machines Profile

International Business Machines Corporation provides integrated solutions and services 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.

Featured Article: What is a Market Correction?

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Co. (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.