Sterling Capital Management LLC lifted its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 10.9% during the third quarter, HoldingsChannel.com reports. The firm owned 34,105 shares of the technology company’s stock after acquiring an additional 3,344 shares during the quarter. Sterling Capital Management LLC’s holdings in International Business Machines were worth $4,948,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IBM. Herndon Capital Management LLC lifted its holdings in shares of International Business Machines by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares during the period. ETF Managers Group LLC acquired a new position in shares of International Business Machines during the second quarter worth $121,000. Horan Capital Advisors LLC. acquired a new position in shares of International Business Machines during the third quarter worth $136,000. Peddock Capital Advisors LLC lifted its holdings in shares of International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares during the period. Finally, CKW Financial Group lifted its holdings in shares of International Business Machines by 0.3% during the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after purchasing an additional 3 shares during the period. Institutional investors own 57.08% of the company’s stock.

Shares of International Business Machines Corp. (NYSE IBM) opened at $151.40 on Tuesday. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. The firm has a market cap of $138,415.08, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The firm had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same period in the previous year, the firm posted $5.01 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. equities research analysts predict that International Business Machines Corp. will post 13.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 98.20%.

IBM has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “hold” rating and set a $160.00 price target on shares of International Business Machines in a report on Wednesday, November 15th. Barclays upgraded shares of International Business Machines from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $133.00 to $192.00 in a report on Wednesday, January 17th. Societe Generale set a $149.00 target price on shares of International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 19th. Goldman Sachs Group set a $170.00 target price on shares of International Business Machines and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Finally, Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 target price for the company in a research note on Wednesday, December 6th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $164.37.

In related news, Director Frederick H. Waddell purchased 610 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.23% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Sterling Capital Management LLC Acquires 3,344 Shares of International Business Machines Corp. (IBM)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.watchlistnews.com/sterling-capital-management-llc-acquires-3344-shares-of-international-business-machines-corp-ibm/1863679.html.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corp. (NYSE:IBM).

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

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