Horan Securities Inc. lifted its stake in International Business Machines Corporation (NYSE:IBM) by 845.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 936 shares of the technology company’s stock after purchasing an additional 837 shares during the quarter. Horan Securities Inc.’s holdings in International Business Machines Corporation were worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Integrated Investment Consultants LLC raised its position in shares of International Business Machines Corporation by 2.3% in the 2nd quarter. Integrated Investment Consultants LLC now owns 4,491 shares of the technology company’s stock worth $691,000 after purchasing an additional 100 shares during the last quarter. National Pension Service raised its position in shares of International Business Machines Corporation by 10.4% in the 2nd quarter. National Pension Service now owns 686,377 shares of the technology company’s stock worth $105,791,000 after purchasing an additional 64,416 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of International Business Machines Corporation by 9.2% in the 2nd quarter. Fisher Asset Management LLC now owns 22,029 shares of the technology company’s stock worth $3,389,000 after purchasing an additional 1,854 shares during the last quarter. Trust Co. of Toledo NA OH raised its position in International Business Machines Corporation by 33.9% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 4,893 shares of the technology company’s stock worth $753,000 after buying an additional 1,240 shares during the last quarter. Finally, Cullinan Associates Inc. raised its position in International Business Machines Corporation by 42.4% in the 2nd quarter. Cullinan Associates Inc. now owns 30,890 shares of the technology company’s stock worth $4,752,000 after buying an additional 9,200 shares during the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts have weighed in on IBM shares. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 target price for the company in a research report on Wednesday, June 7th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, June 9th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Cleveland Research started coverage on International Business Machines Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating for the company. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $165.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $157.12.

International Business Machines Corporation (NYSE:IBM) traded down 0.40% on Friday, reaching $145.08. The company’s stock had a trading volume of 2,654,731 shares. The firm has a 50-day moving average of $143.19 and a 200 day moving average of $155.58. The company has a market capitalization of $135.21 billion, a price-to-earnings ratio of 12.04 and a beta of 0.97. 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 posted its quarterly earnings data 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 business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.95 earnings per share. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

International Business Machines Corporation 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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