CIBC World Markets Inc. boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 3.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 108,335 shares of the technology company’s stock after buying an additional 3,518 shares during the period. CIBC World Markets Inc.’s holdings in International Business Machines Corporation were worth $18,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinnacle Bank purchased a new position in International Business Machines Corporation during the first quarter worth $1,416,000. Wellington Shields & Co. LLC boosted its position in International Business Machines Corporation by 1.0% in the first quarter. Wellington Shields & Co. LLC now owns 29,440 shares of the technology company’s stock worth $5,127,000 after buying an additional 300 shares during the period. NewSquare Capital LLC boosted its position in International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock worth $1,132,000 after buying an additional 782 shares during the period. First Command Financial Services Inc. boosted its position in International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock worth $1,196,000 after buying an additional 389 shares during the period. Finally, Barry Investment Advisors LLC boosted its position in International Business Machines Corporation by 8.4% in the first quarter. Barry Investment Advisors LLC now owns 3,181 shares of the technology company’s stock worth $554,000 after buying an additional 247 shares during the period. Institutional investors and hedge funds own 57.91% of the company’s stock.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.73% during midday trading on Friday, hitting $144.08. 3,351,733 shares of the stock were exchanged. The firm has a 50 day moving average of $144.41 and a 200-day moving average of $158.80. The company has a market cap of $134.27 billion, a price-to-earnings ratio of 11.96 and a beta of 0.97. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 earnings per share. Equities analysts expect that International Business Machines Corporation will post $13.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is currently 49.88%.

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IBM has been the topic of a number of research analyst reports. Jefferies Group LLC set a $135.00 price target on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Friday, May 19th. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target on the stock in a report on Monday, July 3rd. Credit Suisse Group restated an “underperform” rating and issued a $110.00 price target (down from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. Finally, BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $157.41.

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.

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

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