Jacobi Capital Management LLC boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 6.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,893 shares of the technology company’s stock after purchasing an additional 247 shares during the quarter. Jacobi Capital Management LLC’s holdings in International Business Machines were worth $597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Herndon Capital Management LLC boosted its holdings in shares of International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC boosted its holdings in shares of International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the period. Peddock Capital Advisors LLC boosted its holdings in shares of International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the period. Horan Securities Inc. boosted its holdings in shares of International Business Machines by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in shares of International Business Machines by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares during the period. Hedge funds and other institutional investors own 57.31% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded up $0.79 during midday trading on Friday, reaching $154.76. 5,567,597 shares of the company’s stock traded hands, compared to its average volume of 4,156,913. 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 has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a market capitalization of $143,275.41, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.27 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines 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 in the prior year, the firm posted $3.29 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. sell-side analysts expect that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company 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. This represents a $6.00 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is currently 50.13%.

IBM has been the subject of several research analyst reports. UBS reiterated a “hold” rating and issued a $152.00 price target on shares of International Business Machines in a report on Tuesday, September 5th. BidaskClub upgraded shares of International Business Machines from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target for the company in a report on Wednesday, November 15th. Morgan Stanley reiterated an “overweight” rating and issued a $192.00 price target on shares of International Business Machines in a report on Wednesday, August 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. International Business Machines currently has a consensus rating of “Hold” and an average target price of $159.12.

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International Business Machines 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 (NYSE:IBM)

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