Murphy Pohlad Asset Management LLC Has $373,000 Position in International Business Machines Corp. (NYSE:IBM)

Murphy Pohlad Asset Management LLC lessened its stake in International Business Machines Corp. (NYSE:IBM) by 56.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,572 shares of the technology company’s stock after selling 3,400 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in International Business Machines were worth $373,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Herndon Capital Management LLC boosted its holdings in shares of International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares in the last quarter. Edge Wealth Management LLC boosted its stake in International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC acquired a new stake in International Business Machines in the 2nd quarter worth approximately $121,000. Peddock Capital Advisors LLC boosted its stake in International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares in the last quarter. Finally, Horan Securities Inc. boosted its stake in International Business Machines by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares in the last quarter. 57.11% of the stock is currently owned by institutional investors.

International Business Machines Corp. (NYSE:IBM) opened at $163.14 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The firm has a market capitalization of $151,030.00, a price-to-earnings ratio of 13.62, a PEG ratio of 2.39 and a beta of 0.94. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.79.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same quarter last year, the company earned $3.29 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. sell-side analysts forecast that International Business Machines Corp. will post 13.78 EPS for the current year.

A number of equities analysts have issued reports on IBM shares. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price target on shares of International Business Machines in a research report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “hold” rating and set a $160.00 target price on shares of International Business Machines in a report on Wednesday, November 15th. Goldman Sachs Group set a $170.00 price target on shares of International Business Machines and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Finally, Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target on the stock in a research note on Wednesday, December 6th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $159.90.

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International Business Machines 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 (NYSE:IBM)

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