Nottingham Advisors Inc. continued to hold its stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,464 shares of the technology company’s stock at the close of the second quarter. Nottingham Advisors Inc.’s holdings in International Business Machines Corporation were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IBM. Diversified Trust Co boosted its position in International Business Machines Corporation by 1.2% in the 1st quarter. Diversified Trust Co now owns 6,108 shares of the technology company’s stock valued at $1,064,000 after buying an additional 71 shares during the last quarter. James Investment Research Inc. boosted its position in International Business Machines Corporation by 28.9% in the 1st quarter. James Investment Research Inc. now owns 135,534 shares of the technology company’s stock valued at $23,602,000 after buying an additional 30,412 shares during the last quarter. V Wealth Management LLC boosted its position in International Business Machines Corporation by 35.1% in the 1st quarter. V Wealth Management LLC now owns 2,559 shares of the technology company’s stock valued at $444,000 after buying an additional 665 shares during the last quarter. Northern Capital Management LLC boosted its position in International Business Machines Corporation by 101.1% in the 1st quarter. Northern Capital Management LLC now owns 6,565 shares of the technology company’s stock valued at $1,143,000 after buying an additional 3,300 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in International Business Machines Corporation by 16.6% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,239 shares of the technology company’s stock valued at $12,754,000 after buying an additional 10,400 shares during the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

IBM has been the topic of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target on the stock in a research report on Monday, July 3rd. ValuEngine lowered International Business Machines Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $110.00 price target (down from $125.00) on shares of International Business Machines Corporation in a research report on Monday, July 17th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $157.12.

International Business Machines Corporation (IBM) traded down 0.16% during mid-day trading on Friday, hitting $146.48. The company had a trading volume of 3,092,780 shares. The company’s 50 day moving average price is $144.33 and its 200-day moving average price is $152.97. The firm has a market capitalization of $136.51 billion, a PE ratio of 12.13 and a beta of 0.95. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter last year, the business earned $2.95 earnings per share. International Business Machines Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.10%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 49.88%.

WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.watchlistnews.com/nottingham-advisors-inc-has-687000-holdings-in-international-business-machines-corporation-ibm/1618278.html.

International Business Machines Corporation 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.

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.