Nadler Financial Group Inc. lowered its position in International Business Machines Corporation (NYSE:IBM) by 9.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,354 shares of the technology company’s stock after selling 241 shares during the period. Nadler Financial Group Inc.’s holdings in International Business Machines Corporation were worth $362,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Horan Securities Inc. boosted its holdings in International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in International Business Machines Corporation 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 acquiring an additional 441 shares during the last quarter. CKW Financial Group boosted its stake in International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares during the last quarter. Grisanti Capital Management LLC boosted its stake in International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after acquiring an additional 20 shares during the last quarter. Finally, Capital Management Associates NY bought a new position in shares of International Business Machines Corporation during the 1st quarter valued at approximately $200,000. Institutional investors and hedge funds own 57.88% of the company’s stock.

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Shares of International Business Machines Corporation (NYSE IBM) traded up 0.01% during midday trading on Tuesday, reaching $146.67. 1,182,084 shares of the company traded hands. The firm has a market capitalization of $136.69 billion, a PE ratio of 12.17 and a beta of 0.95. The stock has a 50 day moving average price of $143.79 and a 200 day moving average price of $153.48. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. International Business Machines Corporation also was the target of unusually large options trading on Monday. Traders bought 10,093 call options on the stock. This represents an increase of approximately 136% compared to the typical daily volume of 4,279 call options.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.95 EPS. Analysts expect that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

Several equities research analysts have commented on IBM shares. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Royal Bank Of Canada reissued a “sector perform” rating and set a $160.00 price objective (down previously from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $192.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price for the company in a research report on Monday, June 19th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. International Business Machines Corporation has a consensus rating of “Hold” and a consensus price target of $157.12.

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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