International Business Machines Corporation $IBM Shares Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 3.8% in the third quarter, Holdings Channel reports. The firm owned 347,155 shares of the technology company’s stock after acquiring an additional 12,623 shares during the period. International Business Machines makes up 1.2% of Advisors Capital Management LLC’s portfolio, making the stock its 15th biggest position. Advisors Capital Management LLC’s holdings in International Business Machines were worth $97,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IBM. Mattson Financial Services LLC purchased a new stake in International Business Machines in the third quarter worth $852,000. Vise Technologies Inc. bought a new position in shares of International Business Machines during the 2nd quarter worth $16,565,000. Vanguard Group Inc. increased its holdings in International Business Machines by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after acquiring an additional 1,913,708 shares during the last quarter. Thames Capital Management LLC bought a new stake in International Business Machines in the 2nd quarter valued at about $2,710,000. Finally, Twin Capital Management Inc. lifted its holdings in International Business Machines by 147.6% during the second quarter. Twin Capital Management Inc. now owns 19,932 shares of the technology company’s stock valued at $5,876,000 after purchasing an additional 11,882 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IBM shares. UBS Group set a $317.00 target price on shares of International Business Machines in a research note on Thursday, January 29th. Oppenheimer set a $380.00 price objective on shares of International Business Machines and gave the company an “outperform” rating in a research note on Thursday, January 29th. Jefferies Financial Group increased their target price on International Business Machines from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Erste Group Bank raised International Business Machines from a “hold” rating to a “buy” rating in a report on Friday, December 5th. Finally, Stifel Nicolaus boosted their price objective on International Business Machines from $325.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $330.07.

Insider Activity at International Business Machines

In related news, Director David N. Farr bought 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average cost of $304.00 per share, with a total value of $304,000.00. Following the completion of the purchase, the director directly owned 9,258 shares of the company’s stock, valued at $2,814,432. This trade represents a 12.11% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

International Business Machines Stock Down 1.6%

Shares of NYSE:IBM opened at $258.25 on Wednesday. The company has a market cap of $241.39 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.63 and a beta of 0.69. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The firm has a fifty day moving average price of $297.26 and a two-hundred day moving average price of $284.32. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. The company had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.92 earnings per share. Analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 60.27%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.