Papp L Roy & Associates Sells 614 Shares of International Business Machines Corp. (IBM)

Papp L Roy & Associates cut its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,845 shares of the technology company’s stock after selling 614 shares during the period. Papp L Roy & Associates’ holdings in International Business Machines were worth $1,863,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. BKD Wealth Advisors LLC increased its stake in shares of International Business Machines by 4.1% during the second quarter. BKD Wealth Advisors LLC now owns 13,257 shares of the technology company’s stock worth $2,040,000 after buying an additional 527 shares during the period. Prentiss Smith & Co. Inc. increased its stake in shares of International Business Machines by 6.6% during the second quarter. Prentiss Smith & Co. Inc. now owns 1,706 shares of the technology company’s stock worth $262,000 after buying an additional 105 shares during the period. Salem Capital Management Inc. increased its stake in shares of International Business Machines by 3.2% during the second quarter. Salem Capital Management Inc. now owns 4,265 shares of the technology company’s stock worth $656,000 after buying an additional 133 shares during the period. First Hawaiian Bank increased its stake in shares of International Business Machines by 0.8% during the second quarter. First Hawaiian Bank now owns 2,213 shares of the technology company’s stock worth $340,000 after buying an additional 17 shares during the period. Finally, Perkins Coie Trust Co increased its stake in shares of International Business Machines by 0.7% during the second quarter. Perkins Coie Trust Co now owns 15,263 shares of the technology company’s stock worth $2,348,000 after buying an additional 109 shares during the period. Institutional investors own 57.12% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $163.85 on Wednesday. The firm has a market capitalization of $151,690.00, a P/E ratio of 13.68, a PEG ratio of 2.38 and a beta of 0.94. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 earnings per share. sell-side analysts predict that International Business Machines Corp. will post 13.79 EPS for the current fiscal year.

A number of equities analysts recently issued reports on IBM shares. Societe Generale set a $152.00 price target on International Business Machines and gave the company a “sell” rating in a report on Friday, January 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $175.00 price target on shares of International Business Machines in a report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research raised International Business Machines from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Royal Bank of Canada raised International Business Machines from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $160.00 to $180.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Vetr downgraded International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 price target for the company. in a report on Tuesday, December 12th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the stock. International Business Machines currently has an average 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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