The Capital Management Corp VA Acquires 1 Shares of International Business Machines Corporation (IBM)

The Capital Management Corp VA Acquires 1 Shares of International Business Machines Corporation (IBM)

Capital Management Corp VA boosted its stake in International Business Machines Corporation (NYSE:IBM) by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,484 shares of the technology company’s stock after buying an additional 1 shares during the period. Capital Management Corp VA’s holdings in International Business Machines Corporation were worth $395,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBM. Capital Research Global Investors raised its stake in International Business Machines Corporation by 81.1% in the second quarter. Capital Research Global Investors now owns 7,135,471 shares of the technology company’s stock valued at $1,083,022,000 after buying an additional 3,194,471 shares in the last quarter. Vanguard Group Inc. raised its stake in International Business Machines Corporation by 2.2% in the second quarter. Vanguard Group Inc. now owns 55,476,336 shares of the technology company’s stock valued at $8,420,198,000 after buying an additional 1,216,940 shares in the last quarter. Capital World Investors raised its stake in International Business Machines Corporation by 22.3% in the second quarter. Capital World Investors now owns 5,322,000 shares of the technology company’s stock valued at $807,773,000 after buying an additional 972,000 shares in the last quarter. Alliancebernstein L.P. raised its stake in International Business Machines Corporation by 45.5% in the second quarter. Alliancebernstein L.P. now owns 2,653,828 shares of the technology company’s stock valued at $402,798,000 after buying an additional 830,006 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in International Business Machines Corporation by 6.4% in the second quarter. BlackRock Fund Advisors now owns 13,451,769 shares of the technology company’s stock valued at $2,041,709,000 after buying an additional 806,207 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded down 0.65% on Wednesday, reaching $166.80. 4,007,779 shares of the company traded hands. The stock’s 50 day moving average price is $166.13 and its 200 day moving average price is $159.73. International Business Machines Corporation has a one year low of $116.90 and a one year high of $169.95. The company has a market capitalization of $158.60 billion, a PE ratio of 13.59 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.05. The business earned $19.23 billion during the quarter, compared to analysts’ expectations of $19 billion. International Business Machines Corporation had a net margin of 14.75% and a return on equity of 82.86%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.34 EPS. On average, equities research analysts predict that International Business Machines Corporation will post $13.48 EPS for the current fiscal year.

Several analysts recently issued reports on IBM shares. Jefferies Group reiterated an “underperform” rating and set a $125.00 price target on shares of International Business Machines Corporation in a research report on Thursday, December 1st. Societe Generale set a $160.00 price target on shares of International Business Machines Corporation and gave the stock a “neutral” rating in a research report on Tuesday, September 27th. Bank of America Corporation set a $185.00 price target on shares of International Business Machines Corporation and gave the stock a “buy” rating in a research report on Monday, November 21st. Zacks Investment Research upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $165.50 target price (up previously from $110.00) on shares of International Business Machines Corporation in a research report on Tuesday, December 13th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $160.55.

In other International Business Machines Corporation news, insider Kralingen Bridget A. Van sold 665 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $150.80, for a total value of $100,282.00. Following the completion of the transaction, the insider now directly owns 6,812 shares in the company, valued at approximately $1,027,249.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David N. Farr acquired 1,300 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was bought at an average price of $149.93 per share, with a total value of $194,909.00. Following the completion of the acquisition, the director now directly owns 3,758 shares in the company, valued at approximately $563,436.94. The disclosure for this purchase can be found here. Company insiders own 0.08% of the company’s stock.

International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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