Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 16.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,055 shares of the technology company’s stock after buying an additional 29,647 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in International Business Machines Corporation were worth $32,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. SeaBridge Investment Advisors LLC grew its holdings in shares of International Business Machines Corporation by 18.9% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after purchasing an additional 12,236 shares in the last quarter. Intellectus Partners LLC grew its holdings in shares of International Business Machines Corporation by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after purchasing an additional 1,496 shares in the last quarter. CKW Financial Group grew its holdings in shares of International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after purchasing an additional 121 shares in the last quarter. Argus Investors Counsel Inc. grew its holdings in shares of International Business Machines Corporation by 10.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after purchasing an additional 2,651 shares in the last quarter. Finally, SOL Capital Management CO grew its holdings in shares of International Business Machines Corporation by 0.6% during the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after purchasing an additional 45 shares in the last quarter. 58.25% of the stock is currently owned by institutional investors.

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International Business Machines Corporation (NYSE:IBM) opened at $148.40 on Tuesday. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $138,091.06, a PE ratio of 10.92, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same period in the previous year, the firm earned $3.29 earnings per share. The company’s revenue was down .4% on a year-over-year basis. equities research analysts predict that International Business Machines Corporation will post 13.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 4.04%. International Business Machines Corporation’s payout ratio is 50.13%.

International Business Machines Corporation declared that its board has authorized a stock repurchase program on Tuesday, October 31st that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several brokerages have recently weighed in on IBM. Vetr lowered International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $160.68 price objective on the stock. in a report on Thursday, October 19th. Berenberg Bank set a $125.00 price objective on International Business Machines Corporation and gave the stock a “sell” rating in a report on Wednesday, October 18th. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective (down previously from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised International Business Machines Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. International Business Machines Corporation has an average rating of “Hold” and a consensus target price of $158.90.

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.

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

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