Farmers & Merchants Trust Co of Chambersburg PA maintained its position in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,842 shares of the technology company’s stock at the close of the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in International Business Machines Corporation were worth $283,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Eqis Capital Management Inc. lifted its stake in shares of International Business Machines Corporation by 14.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 17,484 shares of the technology company’s stock worth $2,689,000 after buying an additional 2,257 shares during the last quarter. Ledyard National Bank raised its stake in International Business Machines Corporation by 2.3% in the 2nd quarter. Ledyard National Bank now owns 34,539 shares of the technology company’s stock worth $5,314,000 after purchasing an additional 761 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in International Business Machines Corporation by 511.6% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 147,593 shares of the technology company’s stock worth $22,704,000 after purchasing an additional 123,461 shares in the last quarter. Financial & Investment Management Group Ltd. raised its stake in International Business Machines Corporation by 0.8% in the 2nd quarter. Financial & Investment Management Group Ltd. now owns 1,973 shares of the technology company’s stock worth $303,000 after purchasing an additional 15 shares in the last quarter. Finally, Woodstock Corp raised its stake in International Business Machines Corporation by 5.7% in the 2nd quarter. Woodstock Corp now owns 33,035 shares of the technology company’s stock worth $5,082,000 after purchasing an additional 1,779 shares in the last quarter. Institutional investors own 57.88% of the company’s stock.

IBM has been the subject of several analyst reports. Credit Suisse Group reiterated an “underperform” rating and issued a $110.00 price objective (down previously from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. UBS AG reiterated a “neutral” rating and issued a $159.00 price objective (down previously from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “sell” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, June 9th. Finally, Vetr cut shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price objective for the company. in a research note on Monday, July 24th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. International Business Machines Corporation presently has an average rating of “Hold” and an average price target of $157.12.

International Business Machines Corporation (IBM) traded down 0.16% during midday trading on Friday, reaching $146.48. 2,623,184 shares of the company’s stock were exchanged. The stock has a market cap of $136.51 billion, a PE ratio of 12.16 and a beta of 0.95. The firm has a 50 day moving average of $144.33 and a 200-day moving average of $152.97. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same period last year, the business earned $2.95 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Corporation will post $13.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is currently 49.88%.

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International Business Machines Corporation Company 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.

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

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