Mastrapasqua Asset Management Inc. increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 7.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,910 shares of the technology company’s stock after purchasing an additional 285 shares during the quarter. Mastrapasqua Asset Management Inc.’s holdings in International Business Machines Corporation were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Greytown Advisors Inc. increased its position in International Business Machines Corporation by 64.4% during the 2nd quarter. Greytown Advisors Inc. now owns 3,197 shares of the technology company’s stock worth $492,000 after purchasing an additional 1,252 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in International Business Machines Corporation by 2.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,366 shares of the technology company’s stock worth $4,825,000 after purchasing an additional 800 shares in the last quarter. American Century Companies Inc. increased its position in International Business Machines Corporation by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 1,036,474 shares of the technology company’s stock worth $159,441,000 after purchasing an additional 10,031 shares in the last quarter. Intersect Capital LLC increased its position in International Business Machines Corporation by 12.6% during the 2nd quarter. Intersect Capital LLC now owns 3,613 shares of the technology company’s stock worth $556,000 after purchasing an additional 403 shares in the last quarter. Finally, Blue Chip Partners Inc. increased its position in International Business Machines Corporation by 4.0% during the 2nd quarter. Blue Chip Partners Inc. now owns 25,921 shares of the technology company’s stock worth $3,987,000 after purchasing an additional 996 shares in the last quarter. Institutional investors and hedge funds own 58.35% of the company’s stock.

International Business Machines Corporation (NYSE IBM) opened at $149.16 on Friday. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The firm has a market cap of $139,146.45, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 2.20 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 (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the firm earned $3.29 earnings per share. The business’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 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is 50.13%.

International Business Machines Corporation announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 31st that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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A number of research firms recently issued reports on IBM. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Royal Bank Of Canada reiterated a “hold” rating on shares of International Business Machines Corporation in a research report on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. Morgan Stanley reiterated an “overweight” rating and set a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $170.00 price objective (up from $167.00) on shares of International Business Machines Corporation in a research report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company. International Business Machines Corporation has a consensus rating of “Hold” and an average price target of $158.90.

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.

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

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