Ausdal Financial Partners Inc. Has $805,000 Stake in International Business Machines Corporation (IBM)

Ausdal Financial Partners Inc. held its position in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,849 shares of the technology company’s stock at the end of the first quarter. Ausdal Financial Partners Inc.’s holdings in International Business Machines Corporation were worth $805,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of IBM. Norges Bank bought a new position in shares of International Business Machines Corporation during the fourth quarter worth $1,366,710,000. AMF Pensionsforsakring AB raised its position in shares of International Business Machines Corporation by 186.6% in the fourth quarter. AMF Pensionsforsakring AB now owns 745,277 shares of the technology company’s stock worth $123,709,000 after buying an additional 485,195 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of International Business Machines Corporation by 16,199.2% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 406,012 shares of the technology company’s stock worth $406,000 after buying an additional 403,521 shares in the last quarter. Janus Capital Management LLC raised its position in shares of International Business Machines Corporation by 88.9% in the fourth quarter. Janus Capital Management LLC now owns 432,972 shares of the technology company’s stock worth $71,869,000 after buying an additional 203,787 shares in the last quarter. Finally, Credit Agricole S A raised its position in shares of International Business Machines Corporation by 15.9% in the fourth quarter. Credit Agricole S A now owns 1,306,073 shares of the technology company’s stock worth $216,798,000 after buying an additional 179,057 shares in the last quarter. Hedge funds and other institutional investors own 58.16% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) opened at 147.53 on Thursday. International Business Machines Corporation has a 52 week low of $146.71 and a 52 week high of $182.79. The firm has a market cap of $138.60 billion, a PE ratio of 12.13 and a beta of 0.98. The firm’s 50-day moving average is $153.57 and its 200 day moving average is $165.30. International Business Machines Corporation also was the target of some unusual options trading on Tuesday. Investors acquired 49,126 put options on the company. This represents an increase of approximately 655% compared to the typical volume of 6,510 put options.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 72.07% and a net margin of 14.58%. The business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter last year, the business posted $2.95 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts forecast that International Business Machines Corporation will post $13.73 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first published by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.baseball-news-blog.com/2017/07/20/ausdal-financial-partners-inc-has-805000-stake-in-international-business-machines-corporation-ibm.html.

Several equities analysts have commented on IBM shares. Vetr lowered shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 price objective for the company. in a research report on Monday, April 17th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, April 19th. Zacks Investment Research lowered shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Morgan Stanley reiterated an “overweight” rating and set a $212.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $200.00 target price (down previously from $215.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $160.63.

In other news, Director James W. Owens purchased 1,718 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% 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: 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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

Latest News

Leave a Reply