Quotient Investors LLC continued to hold its stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, Holdings Channel reports. The firm owned 10,603 shares of the technology company’s stock at the end of the second quarter. International Business Machines Corporation makes up approximately 1.1% of Quotient Investors LLC’s holdings, making the stock its 28th largest position. Quotient Investors LLC’s holdings in International Business Machines Corporation were worth $1,846,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Pinnacle Bank purchased a new stake in shares of International Business Machines Corporation during the first quarter valued at about $1,416,000. HighPoint Advisor Group LLC increased its stake in shares of International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock valued at $3,848,000 after buying an additional 2,209 shares during the last quarter. Nadler Financial Group Inc. increased its stake in shares of International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock valued at $452,000 after buying an additional 320 shares during the last quarter. NewSquare Capital LLC increased its stake in shares of International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock valued at $1,132,000 after buying an additional 782 shares during the last quarter. Finally, First Command Financial Services Inc. increased its stake in shares of International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock valued at $1,196,000 after buying an additional 389 shares during the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.15% during midday trading on Tuesday, hitting $142.53. 1,743,648 shares of the stock were exchanged. The company has a market cap of $132.83 billion, a PE ratio of 11.83 and a beta of 0.97. International Business Machines Corporation has a 12 month low of $141.19 and a 12 month high of $182.79. The stock has a 50 day moving average price of $148.86 and a 200-day moving average price of $162.02.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion for 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 revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.95 EPS. On average, analysts predict 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. Investors of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

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IBM has been the subject of several research analyst reports. Jefferies Group LLC set a $135.00 price target on shares of International Business Machines Corporation and gave the company a “sell” rating in a research note on Friday, May 19th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target (down previously from $215.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research note on Friday, July 21st. Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price target (down previously from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Finally, TheStreet downgraded shares of International Business Machines Corporation to a “hold” rating in a research note on Friday, April 21st. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $157.40.

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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