Brighton Jones LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,991 shares of the technology company’s stock after buying an additional 112 shares during the quarter. Brighton Jones LLC’s holdings in International Business Machines Corporation were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. Welch Investments LLC raised its stake in shares of International Business Machines Corporation by 3.1% during the first quarter. Welch Investments LLC now owns 22,496 shares of the technology company’s stock worth $3,917,000 after purchasing an additional 669 shares during the last quarter. OLD National Bancorp IN grew its holdings in International Business Machines Corporation by 1.7% during the first quarter. OLD National Bancorp IN now owns 44,349 shares of the technology company’s stock worth $7,723,000 after acquiring an additional 739 shares during the period. DT Investment Partners LLC grew its holdings in International Business Machines Corporation by 14.4% during the first quarter. DT Investment Partners LLC now owns 8,311 shares of the technology company’s stock worth $1,448,000 after acquiring an additional 1,046 shares during the period. Norris Perne & French LLP MI grew its holdings in International Business Machines Corporation by 3.0% during the first quarter. Norris Perne & French LLP MI now owns 30,585 shares of the technology company’s stock worth $5,326,000 after acquiring an additional 892 shares during the period. Finally, Parnassus Investments CA grew its holdings in International Business Machines Corporation by 12.4% during the first quarter. Parnassus Investments CA now owns 1,135,000 shares of the technology company’s stock worth $197,649,000 after acquiring an additional 125,000 shares during the period. Institutional investors own 58.25% of the company’s stock.

A number of research analysts recently weighed in on IBM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $154.00 price objective on shares of International Business Machines Corporation in a report on Friday, October 13th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Goldman Sachs Group, Inc. (The) set a $170.00 target price on International Business Machines Corporation and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $160.00 target price on shares of International Business Machines Corporation in a report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $158.93.

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International Business Machines Corporation (IBM) opened at $148.97 on Friday. The company has a market capitalization of $138,050.00, a PE ratio of 10.90, a PEG ratio of 2.18 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 Corporation has a twelve month low of $139.13 and a twelve month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping 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 company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period last year, the business posted $3.29 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. equities research analysts anticipate that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.03%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 50.08%.

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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