Total Investment Management Inc. decreased its stake in International Business Machines Corporation (NYSE:IBM) by 2.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,362 shares of the technology company’s stock after selling 37 shares during the quarter. Total Investment Management Inc.’s holdings in International Business Machines Corporation were worth $209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Nwam LLC boosted its stake in shares of International Business Machines Corporation by 26.1% in the second quarter. Nwam LLC now owns 3,816 shares of the technology company’s stock worth $587,000 after buying an additional 791 shares during the last quarter. Heritage Wealth Advisors boosted its stake in shares of International Business Machines Corporation by 1.9% in the second quarter. Heritage Wealth Advisors now owns 4,809 shares of the technology company’s stock worth $741,000 after buying an additional 91 shares during the last quarter. Rothschild Asset Management Inc. boosted its stake in shares of International Business Machines Corporation by 18.2% in the second quarter. Rothschild Asset Management Inc. now owns 3,119 shares of the technology company’s stock worth $480,000 after buying an additional 481 shares during the last quarter. Milestone Group Inc. boosted its stake in shares of International Business Machines Corporation by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after buying an additional 8 shares during the last quarter. Finally, Saratoga Research & Investment Management boosted its stake in shares of International Business Machines Corporation by 9.3% in the second quarter. Saratoga Research & Investment Management now owns 234,458 shares of the technology company’s stock worth $36,067,000 after buying an additional 19,953 shares during the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

International Business Machines Corporation (IBM) opened at 146.48 on Friday. The company has a 50-day moving average price of $144.33 and a 200 day moving average price of $152.97. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The stock has a market capitalization of $136.51 billion, a price-to-earnings ratio of 12.16 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.95 EPS. Equities analysts predict that International Business Machines Corporation will post $13.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were issued a $1.50 dividend. 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 presently 49.88%.

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A number of analysts have recently commented on IBM shares. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 target price on the stock in a research note on Monday, July 10th. Drexel Hamilton restated a “buy” rating and issued a $200.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Standpoint Research upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Finally, Argus restated a “buy” rating and issued a $175.00 target price (down previously from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. International Business Machines Corporation has a consensus rating of “Hold” and an average target price of $157.12.

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.

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

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