International Business Machines Corporation (IBM) Shares Bought by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,828 shares of the technology company’s stock after purchasing an additional 179 shares during the quarter. YHB Investment Advisors Inc.’s holdings in International Business Machines Corporation were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its position in International Business Machines Corporation by 0.4% during the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after purchasing an additional 181,993 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in International Business Machines Corporation by 5.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock valued at $786,478,000 after purchasing an additional 215,180 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in International Business Machines Corporation by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock valued at $473,649,000 after purchasing an additional 34,936 shares during the last quarter. LSV Asset Management lifted its position in International Business Machines Corporation by 2.3% during the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after purchasing an additional 59,030 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in International Business Machines Corporation by 11.6% during the second quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after purchasing an additional 261,720 shares during the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

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Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price for the company in a research report on Monday, June 19th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation (NYSE:IBM) opened at 147.03 on Friday. The stock has a market capitalization of $137.02 billion, a P/E ratio of 12.20 and a beta of 0.95. The firm’s 50-day moving average is $145.11 and its 200-day moving average is $152.21. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its 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. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same quarter last year, the firm posted $2.95 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

International Business Machines Corporation 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.

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

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