Gillespie Robinson & Grimm Inc. maintained its position in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,511 shares of the technology company’s stock at the end of the second quarter. Gillespie Robinson & Grimm Inc.’s holdings in International Business Machines Corporation were worth $386,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CKW Financial Group boosted its holdings 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 valued at $163,000 after acquiring an additional 121 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in International Business Machines Corporation by 85.1% during the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after purchasing an additional 441 shares during the last quarter. Grisanti Capital Management LLC lifted its stake in International Business Machines Corporation by 2.0% during the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after purchasing an additional 20 shares during the last quarter. Capital Management Associates NY acquired a new stake in International Business Machines Corporation during the first quarter valued at approximately $200,000. Finally, Chicago Equity Partners LLC acquired a new stake in International Business Machines Corporation during the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 57.87% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded down 0.08% during mid-day trading on Friday, reaching $145.15. 1,131,282 shares of the company’s stock traded hands. The firm has a market cap of $135.27 billion, a PE ratio of 12.05 and a beta of 0.97. The firm has a 50 day moving average of $143.19 and a 200 day moving average of $155.58. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.95 EPS. Analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is currently 49.88%.

IBM has been the subject of several recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price for the company in a research note on Monday, July 3rd. ValuEngine lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $110.00 target price (down from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $157.12.

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International Business Machines Corporation 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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