Mogy Joel R Investment Counsel Inc. lessened its position in International Business Machines Corporation (NYSE:IBM) by 9.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,030 shares of the technology company’s stock after selling 1,772 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in International Business Machines Corporation were worth $2,620,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Harbour Capital Advisors LLC lifted its stake in shares of International Business Machines Corporation by 14,730.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 480,228 shares during the period. Bank of Nova Scotia lifted its stake in shares of International Business Machines Corporation by 668.8% in the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after acquiring an additional 428,011 shares during the period. AQR Capital Management LLC lifted its stake in shares of International Business Machines Corporation by 31.9% in the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after acquiring an additional 370,700 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of International Business Machines Corporation by 116.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock worth $76,967,000 after acquiring an additional 269,379 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of International Business Machines Corporation by 70.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after acquiring an additional 267,588 shares during the period. Institutional investors own 57.88% of the company’s stock.

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

Shares of International Business Machines Corporation (NYSE:IBM) opened at $151.58 on Friday. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79. The stock has a market cap of $140,331.41, a P/E ratio of 11.10, a P/E/G ratio of 2.22 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 Corporation (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.29 earnings per share. equities analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders 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 dividend on an annualized basis and a yield of 3.96%. International Business Machines Corporation’s dividend payout ratio (DPR) is 50.13%.

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

International Business Machines Corporation Company 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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