FOURPOINTS Investment Managers S.A.S. raised its stake in International Business Machines Corporation (NYSE:IBM) by 48.3% during the first quarter, Holdings Channel reports. The institutional investor owned 8,600 shares of the technology company’s stock after buying an additional 2,800 shares during the period. FOURPOINTS Investment Managers S.A.S.’s holdings in International Business Machines Corporation were worth $1,498,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IBM. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of International Business Machines Corporation during the fourth quarter worth about $117,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares in the last quarter. CKW Financial Group boosted its position in shares of International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares in the last quarter. Grisanti Capital Management LLC boosted its position in shares of International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares in the last quarter. Finally, Capital Management Associates NY purchased a new position in shares of International Business Machines Corporation during the first quarter worth about $200,000. Institutional investors own 58.73% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded down 0.14% during mid-day trading on Friday, reaching $141.64. 890,080 shares of the company’s stock traded hands. International Business Machines Corporation has a 12 month low of $141.19 and a 12 month high of $182.79. The stock has a market cap of $132.00 billion, a P/E ratio of 11.76 and a beta of 0.97. The company has a 50 day moving average price of $149.55 and a 200-day moving average price of $162.71.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 EPS. On average, analysts anticipate that International Business Machines Corporation will post $13.74 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 4.23%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

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A number of research analysts recently issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) decreased 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 report on Wednesday, April 19th. UBS AG restated a “neutral” rating and set a $167.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Wells Fargo & Company restated a “market perform” rating and set a $162.50 price objective on shares of International Business Machines Corporation in a report on Tuesday, April 25th. Finally, BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus price target of $157.40.

In related news, Director James W. Owens bought 1,718 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average price of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by insiders.

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.

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

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