Cetera Investment Advisers raised its stake in International Business Machines Corporation (NYSE:IBM) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 13,593 shares of the technology company’s stock after purchasing an additional 1,033 shares during the period. Cetera Investment Advisers’ holdings in International Business Machines were worth $2,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the period. Nordea Investment Management AB boosted its holdings in shares of International Business Machines by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after buying an additional 1,956,033 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of International Business Machines by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after buying an additional 1,249,916 shares during the period. BlackRock Inc. boosted its holdings in shares of International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of International Business Machines by 34.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock valued at $418,464,000 after buying an additional 696,600 shares during the period. 57.26% of the stock is owned by institutional investors.

Several research firms have recently commented on IBM. Vetr lowered shares of International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 price target for the company. in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $160.00 target price on shares of International Business Machines in a research note on Friday, August 18th. Oppenheimer reissued a “hold” rating on shares of International Business Machines in a research note on Wednesday, October 18th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 target price on shares of International Business Machines in a research note on Friday, October 13th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $159.24.

International Business Machines Corporation (IBM) traded down $2.83 during mid-day trading on Thursday, hitting $153.91. 5,661,600 shares of the company’s stock were exchanged, compared to its average volume of 4,268,807. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a market cap of $145,108.56, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last released its quarterly earnings results 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 had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the previous year, the firm earned $3.29 EPS. International Business Machines’s revenue was down .4% on a year-over-year basis. sell-side analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.90%. International Business Machines’s dividend payout ratio (DPR) is 50.13%.

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International Business Machines 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 (NYSE:IBM)

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