Great Lakes Advisors LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,959 shares of the technology company’s stock after selling 533 shares during the period. Great Lakes Advisors LLC’s holdings in International Business Machines Corporation were worth $6,147,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of International Business Machines Corporation by 0.4% in the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in International Business Machines Corporation by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after purchasing an additional 134,862 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in International Business Machines Corporation by 3.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock worth $432,053,000 after purchasing an additional 88,708 shares in the last quarter. LSV Asset Management boosted its stake in International Business Machines Corporation by 2.3% in the 1st quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock worth $449,003,000 after purchasing an additional 59,030 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in International Business Machines Corporation by 11.6% in the 2nd quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock worth $388,805,000 after purchasing an additional 261,720 shares in the last quarter. Institutional investors and hedge funds own 58.35% of the company’s stock.

International Business Machines Corporation (IBM) opened at $149.16 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The firm has a market cap of $138,090.98, a PE ratio of 10.92, a PEG ratio of 2.18 and a beta of 0.94. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.29 EPS. analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 4.02%. International Business Machines Corporation’s payout ratio is 50.13%.

A number of research firms recently commented on IBM. KeyCorp reiterated a “hold” rating on shares of International Business Machines Corporation in a research note on Friday, November 3rd. Pivotal Research began coverage on shares of International Business Machines Corporation in a research note on Friday, October 27th. They issued a “buy” rating and a $180.00 target price for the company. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $164.53 target price for the company in a research note on Tuesday, October 24th. Berenberg Bank set a $125.00 target price on shares of International Business Machines Corporation and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Finally, Sanford C. Bernstein set a $150.00 target price on shares of International Business Machines Corporation and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $158.90.

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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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