Summit Securities Group LLC increased its holdings in International Business Machines Corp. (NYSE:IBM) by 233.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,500 shares of the technology company’s stock after purchasing an additional 1,050 shares during the period. Summit Securities Group LLC’s holdings in International Business Machines were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Hugh Johnson Advisors LLC boosted its stake in International Business Machines by 0.9% during the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after buying an additional 12 shares during the period. Rench Wealth Management Inc. boosted its stake in International Business Machines by 1.0% during the second quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock worth $229,000 after buying an additional 14 shares during the period. Altavista Wealth Management Inc. boosted its stake in International Business Machines by 0.7% during the second quarter. Altavista Wealth Management Inc. now owns 2,193 shares of the technology company’s stock worth $337,000 after buying an additional 15 shares during the period. Good Life Advisors LLC boosted its stake in International Business Machines by 0.6% during the second quarter. Good Life Advisors LLC now owns 2,953 shares of the technology company’s stock worth $454,000 after buying an additional 17 shares during the period. Finally, Armor Investment Advisors LLC boosted its stake in International Business Machines by 0.4% during the second quarter. Armor Investment Advisors LLC now owns 4,624 shares of the technology company’s stock worth $711,000 after buying an additional 20 shares during the period. Institutional investors own 56.99% of the company’s stock.

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Several research firms have commented on IBM. BMO Capital Markets reaffirmed a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research note on Friday, March 9th. Zacks Investment Research raised shares of International Business Machines from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 price objective on shares of International Business Machines in a research note on Friday, January 19th. JPMorgan Chase & Co. set a $167.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a research note on Friday, January 19th. Finally, Goldman Sachs set a $170.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $166.01.

Shares of International Business Machines stock opened at $160.26 on Monday. International Business Machines Corp. has a one year low of $139.13 and a one year high of $176.79. The firm has a market cap of $147,626.36, a PE ratio of 11.59, a P/E/G ratio of 2.34 and a beta of 0.94. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same period in the prior year, the firm earned $5.01 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts anticipate that International Business Machines Corp. will post 13.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 9th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 98.20%.

In other International Business Machines news, insider Diane J. Gherson sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the transaction, the insider now directly owns 20,581 shares in the company, valued at $3,210,636. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erich Clementi sold 13,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $154.66, for a total transaction of $2,010,580.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

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About International Business Machines

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 (NYSE:IBM)

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