Ray Gerald L & Associates Ltd. boosted its stake in shares of International Business Machines Corp. (NYSE:IBM) by 1.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,279 shares of the technology company’s stock after acquiring an additional 631 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in International Business Machines were worth $5,698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Herndon Capital Management LLC grew its stake in International Business Machines by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its position in International Business Machines by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the last quarter. ETF Managers Group LLC bought a new position in International Business Machines during the second quarter valued at $121,000. Peddock Capital Advisors LLC lifted its position in International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the last quarter. Finally, Horan Securities Inc. lifted its position in International Business Machines by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares during the last quarter. 57.11% of the stock is owned by institutional investors.

Several research firms have commented on IBM. Berenberg Bank set a $125.00 price objective on shares of International Business Machines and gave the company a “sell” rating in a research report on Wednesday, October 18th. Vetr lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price objective for the company. in a research report on Thursday, October 19th. Royal Bank of Canada upgraded shares of International Business Machines from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $160.00 to $180.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Tigress Financial reiterated a “buy” rating on shares of International Business Machines in a research report on Friday, December 1st. Finally, Pivotal Research began coverage on shares of International Business Machines in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective for the company. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the company. International Business Machines currently has an average rating of “Hold” and a consensus price target of $160.01.

Shares of International Business Machines Corp. (IBM) opened at $162.49 on Monday. The stock has a market cap of $150,430.00, a PE ratio of 13.56, a PEG ratio of 2.36 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corp. has a twelve month low of $139.13 and a twelve month high of $182.79.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business earned $3.29 EPS. research analysts expect that International Business Machines Corp. will post 13.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were issued a $1.50 dividend. The ex-dividend date was Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 3.69%. International Business Machines’s dividend payout ratio (DPR) is presently 50.08%.

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About International Business Machines

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 (NYSE:IBM)

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