Clear Harbor Asset Management LLC Has $514,000 Holdings in International Business Machines Co. (NYSE:IBM)

Clear Harbor Asset Management LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 20.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,323 shares of the technology company’s stock after acquiring an additional 395 shares during the period. Clear Harbor Asset Management LLC’s holdings in International Business Machines were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new position in International Business Machines in the 1st quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines in the 2nd quarter valued at approximately $36,000. Wolff Wiese Magana LLC lifted its position in shares of International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares during the period. Finally, Briaud Financial Planning Inc grew its holdings in shares of International Business Machines by 54.3% during the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. BMO Capital Markets raised their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $208.12.

International Business Machines Trading Down 1.7 %

Shares of NYSE IBM opened at $214.67 on Monday. International Business Machines Co. has a fifty-two week low of $141.58 and a fifty-two week high of $237.37. The firm has a market capitalization of $197.74 billion, a P/E ratio of 23.67, a P/E/G ratio of 4.84 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company’s 50 day simple moving average is $215.58 and its 200 day simple moving average is $190.46.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $2.20 EPS. On average, analysts predict that International Business Machines Co. will post 10.13 EPS for the current year.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.