International Business Machines Corp. (IBM) Shares Sold by Tradition Capital Management LLC

Mae Love
January 13, 2018

The fund owned 87,866 shares of the technology company's stock after buying an additional 1,598 shares during the quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company's stock worth $229,000 after buying an additional 14 shares during the last quarter.

The stock increased 1.02% or $1.23 during the last trading session, reaching $122.06. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. CNH Industrial N.V. (NYSE:CNHI) has risen 66.12% since January 13, 2017 and is uptrending. It has outperformed by 27.05% the S&P500. Gyroscope Capital Management Group Llc who had been investing in International Business Machs for a number of months, seems to be bullish on the $151.03B market cap company. Burt Wealth Advisors holds 0.57% or 6,034 shares. The stock increased 1.26% or $0.73 during the last trading session, reaching $58.56. About 5.03M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 13, 2017 and is uptrending. It has underperformed by 11.84% the S&P500. Zacks Investment Research upgraded International Business Machines from a "sell" rating to a "hold" rating in a research note on Wednesday. Therefore 46% are positive. International Business Machines had 112 analyst reports since July 21, 2015 according to SRatingsIntel.

Gyroscope Capital Management Group Llc increased its stake in International Business Machs (IBM) by 785.23% based on its latest 2017Q3 regulatory filing with the SEC. (NYSE IBM) opened at $163.14 on Friday. The firm has "Underperform" rating by Credit Suisse given on Wednesday, October 12. Goldman Sachs maintained the stock with "Neutral" rating in Tuesday, October 18 report. Barclays Capital maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. Piper Jaffray has "Buy" rating and $26.0 target. Drexel Hamilton reiterated a "buy" rating and set a $186.00 target price on shares of International Business Machines Corporation in a report on Tuesday, October 18th. The company now has an average rating of "Hold" and a consensus target price of $163.41. Societe Generale downgraded the stock to "Sell" rating in Wednesday, April 19 report. Seven research 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. RBC Capital Markets has "Sector Perform" rating and $150 target. The stock has "Sell" rating by Jefferies on Wednesday, September 20.

Boys Arnold & Co Inc decreased International Business Machs (IBM) stake by 5.46% reported in 2017Q3 SEC filing.

Investors sentiment increased to 0.74 in 2017 Q3. Its down 0.05, from 1.03 in 2017Q2.

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Want to see what other hedge funds are holding IBM? (NYSE:BANC). Deprince Race Zollo reported 589,997 shares. Curbstone Fin Management Corporation holds 0.57% or 11,472 shares in its portfolio. Court Place Advsrs Lc, a Maryland-based fund reported 5,469 shares. Finally, Horan Securities Inc. grew its position in shares of International Business Machines by 845.5% in the 2nd quarter. Pennsylvania-based Hbk Sorce Advisory Ltd Com has invested 0.23% in International Business Machines Corporation (NYSE:IBM). Moreover, Shamrock Asset Management Ltd has 0.01% invested in International Business Machines Corporation (NYSE:IBM). Raymond James Fincl Serv Advisors Inc stated it has 15,820 shares or 0% of all its holdings. Pathstone Family Office Ltd Llc stated it has 1,161 shares or 0.15% of all its holdings. 5,250 were reported by Neumann Capital Management Limited Liability Corporation.

Bank Of Italy, which manages about $1.72 billion US Long portfolio, upped its stake in Fiat Chrysler Automobiles N by 80,000 shares to 6.93 million shares, valued at $124.10 million in 2017Q3, according to the filing. Marshall & Sullivan Inc Wa has 1,500 shares. Amg Natl Financial Bank invested 0.18% in International Business Machines Corporation (NYSE:IBM). Canandaigua State Bank And Trust invested in 0.98% or 35,427 shares. CKW Financial Group raised its stake in International Business Machines Corporation by 0.4% in the third quarter. 415,309 were accumulated by Commonwealth Equity Ser. (NASDAQ:ANSS) to report earnings on February, 28. During the same quarter in the prior year, the business earned $3.29 EPS. equities research analysts forecast that International Business Machines Corp. will post 13.78 earnings per share for the current fiscal year. IBM's profit will be $4.78 billion for 7.96 P/E if the $5.16 EPS becomes a reality. The institutional investor held 240,959 shares of the computer manufacturing company at the end of 2017Q3, valued at $34.96 million, up from 234,458 at the end of the previous reported quarter.

Among 15 analysts covering Ansys Inc. (NASDAQ:PRTK) has "Buy" rating given on Thursday, June 15 by Leerink Swann. Therefore 13% are positive. Paratek Pharmaceuticals had 24 analyst reports since July 23, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Banc of California, Inc. (NASDAQ:ANSS) rating on Sunday, September 10. The rating was maintained by RBC Capital Markets on Thursday, August 31 with "Hold". The firm has "Hold" rating given on Monday, July 11 by Jefferies. The stock has "Equal-Weight" rating by Barclays Capital on Friday, August 5. The stock of Paratek Pharmaceuticals, Inc. (NYSE:BANC) rating on Thursday, December 21. The firm has "Hold" rating by Evercore given on Thursday, September 15. (NYSE:BANC) on Friday, July 1 with "Mkt Perform" rating. Wright Investors Service Inc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $521.22B market cap company. Wells Fargo And Mn reported 7.56 million shares stake.

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