Burney Co. lowered its position in International Business Machines Corporation (NYSE:IBM) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,910 shares of the technology company’s stock after selling 9,079 shares during the period. Burney Co.’s holdings in International Business Machines Corporation were worth $12,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Oppenheimer Asset Management Inc. lifted its stake in shares of International Business Machines Corporation by 5.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 67,203 shares of the technology company’s stock worth $10,338,000 after purchasing an additional 3,259 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of International Business Machines Corporation by 1.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 158,322 shares of the technology company’s stock worth $24,354,000 after purchasing an additional 2,458 shares during the period. Cipher Capital LP purchased a new position in shares of International Business Machines Corporation during the 2nd quarter worth $3,120,000. Swiss National Bank lifted its stake in shares of International Business Machines Corporation by 2.9% during the 2nd quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock worth $543,786,000 after purchasing an additional 100,700 shares during the period. Finally, Tuttle Tactical Management LLC lifted its stake in shares of International Business Machines Corporation by 30.7% during the 2nd quarter. Tuttle Tactical Management LLC now owns 1,533 shares of the technology company’s stock worth $236,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 58.43% of the company’s stock.

IBM has been the topic of a number of recent analyst reports. UBS AG reissued a “neutral” rating and set a $160.00 price target (up previously from $152.00) on shares of International Business Machines Corporation in a research note on Wednesday, October 18th. Jefferies Group LLC reissued a “sell” rating and set a $125.00 price target on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price target on shares of International Business Machines Corporation in a research note on Friday, October 13th. Wedbush reissued a “neutral” rating and set a $155.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Finally, ValuEngine lowered International Business Machines Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Eight research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $158.93.

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Shares of International Business Machines Corporation (NYSE:IBM) opened at $151.77 on Friday. The company has a market capitalization of $140,507.38, a price-to-earnings ratio of 11.11, a PEG ratio of 2.22 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The business had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the prior year, the firm posted $3.29 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. research analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be issued a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.95%. International Business Machines Corporation’s dividend payout ratio is currently 50.13%.

About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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