HL Financial Services LLC raised its position in shares of International Business Machines Corp. (NYSE:IBM) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 406,336 shares of the technology company’s stock after buying an additional 4,564 shares during the period. International Business Machines Corp. accounts for 1.5% of HL Financial Services LLC’s holdings, making the stock its 21st largest position. HL Financial Services LLC’s holdings in International Business Machines Corp. were worth $61,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Trust N.A. boosted its position in shares of International Business Machines Corp. by 45.9% in the first quarter. Raymond James Trust N.A. now owns 76,020 shares of the technology company’s stock worth $11,513,000 after buying an additional 23,923 shares during the period. Stokes & Hubbell Capital Management LLC raised its stake in International Business Machines Corp. by 10.2% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 19,068 shares of the technology company’s stock worth $2,888,000 after buying an additional 1,758 shares in the last quarter. OLD National Bancorp IN raised its stake in International Business Machines Corp. by 5.0% in the first quarter. OLD National Bancorp IN now owns 34,936 shares of the technology company’s stock worth $5,291,000 after buying an additional 1,674 shares in the last quarter. Bridges Investment Management Inc. raised its stake in International Business Machines Corp. by 33.1% in the first quarter. Bridges Investment Management Inc. now owns 4,575 shares of the technology company’s stock worth $744,000 after buying an additional 1,139 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL raised its stake in International Business Machines Corp. by 98.8% in the first quarter. Lodestar Investment Counsel LLC IL now owns 4,135 shares of the technology company’s stock worth $626,000 after buying an additional 2,055 shares in the last quarter. 57.61% of the stock is owned by institutional investors.

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

Shares of International Business Machines Corp. (NYSE:IBM) traded down 0.77% during trading on Friday, hitting $155.67. 2,671,852 shares of the company traded hands. The company has a 50-day moving average of $157.52 and a 200-day moving average of $154.03. The stock has a market capitalization of $148.80 billion, a PE ratio of 12.66 and a beta of 0.88. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.06. The firm earned $20.20 billion during the quarter, compared to the consensus estimate of $20.03 billion. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $3.84 EPS. Equities analysts expect that International Business Machines Corp. will post $13.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Monday, August 8th. International Business Machines Corp.’s payout ratio is 45.53%.

IBM has been the subject of a number of analyst reports. Vetr upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $159.42 price objective for the company in a research note on Wednesday, June 15th. Zacks Investment Research lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. JMP Securities restated a “buy” rating and set a $157.00 price objective on shares of International Business Machines Corp. in a research note on Thursday, June 23rd. Credit Suisse Group AG restated a “sell” rating and set a $110.00 price objective on shares of International Business Machines Corp. in a research note on Thursday, June 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of International Business Machines Corp. in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. International Business Machines Corp. presently has an average rating of “Hold” and a consensus target price of $154.47.

In other International Business Machines Corp. news, insider Robert J. Leblanc sold 15,708 shares of International Business Machines Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total value of $2,548,623.00. Following the completion of the transaction, the insider now directly owns 61,374 shares of the company’s stock, valued at approximately $9,957,931.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Picciano sold 1,922 shares of International Business Machines Corp. stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total value of $305,905.52. Following the completion of the transaction, the insider now directly owns 35,861 shares of the company’s stock, valued at $5,707,636.76. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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