Sequoia Financial Advisors LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 0.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,197 shares of the technology company’s stock after selling 34 shares during the period. Sequoia Financial Advisors LLC’s holdings in International Business Machines Corporation were worth $1,415,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Herndon Capital Management LLC raised its holdings in shares of International Business Machines Corporation by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after acquiring an additional 195 shares during the period. Edge Wealth Management LLC raised its holdings in shares of International Business Machines Corporation by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after acquiring an additional 40 shares during the period. Peddock Capital Advisors LLC raised its holdings in shares of International Business Machines Corporation by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after acquiring an additional 62 shares during the period. Horan Securities Inc. raised its holdings in shares of International Business Machines Corporation by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after acquiring an additional 837 shares during the period. Finally, CKW Financial Group raised its holdings in shares of International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the period. Institutional investors own 58.43% of the company’s stock.

IBM has been the topic of several analyst reports. UBS AG reiterated a “neutral” rating and set a $160.00 price target (up previously from $152.00) on shares of International Business Machines Corporation in a report on Wednesday, October 18th. Jefferies Group LLC reiterated a “sell” rating and set a $125.00 price target on shares of International Business Machines Corporation in a report on Thursday, September 21st. Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 price target on shares of International Business Machines Corporation in a report on Friday, October 13th. Wedbush reiterated a “neutral” rating and set a $155.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Finally, ValuEngine lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $158.93.

Shares of International Business Machines Corporation (NYSE IBM) opened at $151.77 on Thursday. The firm has a market capitalization of $140,674.00, a P/E ratio of 11.12, a P/E/G ratio of 2.22 and a beta of 0.94. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 earnings per share. analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s payout ratio is 50.13%.

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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)

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