International Business Machines Corporation (IBM) Position Held by First Mercantile Trust Co.

First Mercantile Trust Co. continued to hold its stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,700 shares of the technology company’s stock at the close of the second quarter. First Mercantile Trust Co.’s holdings in International Business Machines Corporation were worth $569,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Edge Wealth Management LLC raised its stake in shares of International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares during the period. Horan Securities Inc. raised its stake in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the period. Proficio Capital Partners LLC raised its stake in shares of International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after buying an additional 441 shares during the period. CKW Financial Group raised its stake in shares of International Business Machines Corporation by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares during the period. Finally, Grisanti Capital Management LLC raised its stake in shares of International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares during the period. 57.83% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have recently commented on IBM. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 price objective (down previously from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th. Argus reaffirmed a “buy” rating and issued a $175.00 price objective (down previously from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. UBS AG reaffirmed a “neutral” rating and issued a $159.00 price objective (down previously from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective on the stock in a research note on Monday, July 31st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $155.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $158.06.

International Business Machines Corporation (NYSE IBM) opened at 155.88 on Wednesday. The company’s 50-day moving average price is $147.65 and its 200-day moving average price is $150.80. The stock has a market cap of $144.87 billion, a PE ratio of 13.00 and a beta of 0.95. 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 issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.29 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.81 EPS 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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