Saratoga Research & Investment Management raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,458 shares of the technology company’s stock after purchasing an additional 19,953 shares during the quarter. International Business Machines Corporation comprises 2.9% of Saratoga Research & Investment Management’s holdings, making the stock its 16th biggest position. Saratoga Research & Investment Management’s holdings in International Business Machines Corporation were worth $36,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp increased its holdings in shares of International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after purchasing an additional 181,993 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of International Business Machines Corporation by 5.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock worth $786,478,000 after purchasing an additional 215,180 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of International Business Machines Corporation by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock worth $473,649,000 after purchasing an additional 34,936 shares during the period. LSV Asset Management boosted its position in International Business Machines Corporation by 2.3% in the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after buying an additional 59,030 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in International Business Machines Corporation by 11.6% in the second quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after buying an additional 261,720 shares during the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

Several equities analysts recently weighed in on IBM shares. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price target on the stock in a report on Wednesday, June 7th. Credit Suisse Group reissued an “underperform” rating and set a $110.00 price target (down from $125.00) on shares of International Business Machines Corporation in a research report on Monday, July 17th. UBS AG restated a “neutral” rating and set a $159.00 price objective (down from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC restated a “sell” rating and set a $125.00 price objective on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, June 9th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $157.12.

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International Business Machines Corporation (IBM) opened at 146.78 on Wednesday. The stock has a market capitalization of $136.79 billion, a price-to-earnings ratio of 12.18 and a beta of 0.95. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The firm has a 50-day moving average of $143.92 and a 200-day moving average of $153.27. International Business Machines Corporation also was the recipient of some unusual options trading activity on Monday. Traders acquired 10,093 call options on the stock. This represents an increase of 136% compared to the average daily volume of 4,279 call options.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.95 earnings per share. Equities research analysts anticipate 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. Stockholders of record on Thursday, August 10th were given a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.09%. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.

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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