Sfmg LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 5.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,301 shares of the technology company’s stock after purchasing an additional 69 shares during the quarter. Sfmg LLC’s holdings in International Business Machines Corporation were worth $200,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Herndon Capital Management LLC boosted its position in shares of International Business Machines Corporation by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC boosted its position in shares of International Business Machines Corporation by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in shares of International Business Machines Corporation by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares in the last quarter. Horan Securities Inc. boosted its position in shares of International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares in the last quarter. Finally, CKW Financial Group boosted its position in shares of International Business Machines Corporation by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after purchasing an additional 121 shares in the last quarter. 58.25% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on IBM shares. Argus reissued a “buy” rating and issued a $175.00 price objective (down previously from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Stifel Nicolaus reissued 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. Drexel Hamilton reissued a “buy” rating and issued a $200.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective for the company in a research report on Monday, July 31st. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $158.90.

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Shares of International Business Machines Corporation (NYSE IBM) opened at $149.16 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79. The stock has a market capitalization of $138,091.06, a PE ratio of 10.92, a P/E/G ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data 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 Corporation had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same period in the previous year, the firm posted $3.29 EPS. International Business Machines Corporation’s revenue was down .4% compared to the same quarter last year. equities research analysts anticipate that International Business Machines Corporation will post 13.8 earnings per share for the current year.

International Business Machines Corporation announced that its board has initiated a stock buyback program on Tuesday, October 31st that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s payout ratio is 50.13%.

International Business Machines Corporation 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 Corporation (NYSE:IBM)

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