Financial Advisors Network Inc. increased its stake in International Business Machines Corporation (NYSE:IBM) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,681 shares of the technology company’s stock after buying an additional 6 shares during the period. International Business Machines Corporation accounts for approximately 1.0% of Financial Advisors Network Inc.’s investment portfolio, making the stock its 20th largest position. Financial Advisors Network Inc.’s holdings in International Business Machines Corporation were worth $1,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kentucky Retirement Systems bought a new position in shares of International Business Machines Corporation during the fourth quarter valued at $10,422,000. Teachers Advisors LLC raised its position in shares of International Business Machines Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 1,448,292 shares of the technology company’s stock valued at $240,402,000 after buying an additional 41,279 shares in the last quarter. M Holdings Securities Inc. raised its position in shares of International Business Machines Corporation by 15.1% in the fourth quarter. M Holdings Securities Inc. now owns 8,550 shares of the technology company’s stock valued at $1,419,000 after buying an additional 1,122 shares in the last quarter. Whalerock Point Partners LLC raised its position in shares of International Business Machines Corporation by 37.0% in the fourth quarter. Whalerock Point Partners LLC now owns 2,038 shares of the technology company’s stock valued at $338,000 after buying an additional 550 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its position in shares of International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock valued at $3,848,000 after buying an additional 2,209 shares in the last quarter. 58.57% of the stock is owned by institutional investors.

International Business Machines Corporation (NYSE:IBM) traded up 0.40% during mid-day trading on Monday, hitting $142.41. 683,588 shares of the company were exchanged. The company has a 50 day moving average of $149.20 and a 200 day moving average of $162.50. International Business Machines Corporation has a 12-month low of $141.19 and a 12-month high of $182.79. The stock has a market cap of $132.72 billion, a P/E ratio of 11.82 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same period in the prior year, the company posted $2.95 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.23%. International Business Machines Corporation’s payout ratio is presently 49.88%.

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Several research analysts have weighed in on the stock. Vetr lowered shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 price objective for the company. in a report on Monday, April 17th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Tuesday, April 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Societe Generale lowered shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $180.00 price target (down from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $157.40.

In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

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.

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

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