Robeco Institutional Asset Management B.V. raised its stake in shares of International Business Machines Corp. (NYSE:IBM) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,658 shares of the technology company’s stock after buying an additional 5,843 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in International Business Machines Corp. were worth $10,877,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goelzer Investment Management Inc. increased its position in shares of International Business Machines Corp. by 1.6% in the second quarter. Goelzer Investment Management Inc. now owns 39,014 shares of the technology company’s stock valued at $5,922,000 after buying an additional 604 shares during the period. Chesley Taft & Associates LLC boosted its stake in shares of International Business Machines Corp. by 3.2% in the second quarter. Chesley Taft & Associates LLC now owns 40,447 shares of the technology company’s stock valued at $6,139,000 after buying an additional 1,269 shares in the last quarter. Country Club Trust Company n.a. boosted its stake in shares of International Business Machines Corp. by 5.3% in the second quarter. Country Club Trust Company n.a. now owns 102,339 shares of the technology company’s stock valued at $15,533,000 after buying an additional 5,182 shares in the last quarter. Kwmg LLC boosted its stake in shares of International Business Machines Corp. by 2.9% in the second quarter. Kwmg LLC now owns 10,536 shares of the technology company’s stock valued at $1,599,000 after buying an additional 292 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its stake in shares of International Business Machines Corp. by 4.4% in the second quarter. CIBC World Markets Inc. now owns 82,236 shares of the technology company’s stock valued at $12,482,000 after buying an additional 3,481 shares in the last quarter. Institutional investors own 57.61% of the company’s stock.

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

International Business Machines Corp. (NYSE:IBM) traded down 0.77% on Friday, reaching $155.67. 2,671,852 shares of the company’s stock traded hands. The stock has a market capitalization of $148.80 billion, a PE ratio of 12.66 and a beta of 0.88. The firm’s 50-day moving average is $157.52 and its 200 day moving average is $154.03. 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 posted its earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.06. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. During the same period last year, the business posted $3.84 EPS. International Business Machines Corp.’s revenue was down 2.8% compared to the same quarter last year. Analysts forecast that International Business Machines Corp. will post $13.51 EPS for the current year.

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

Several analysts have recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $140.00 price objective on shares of International Business Machines Corp. in a research note on Saturday. Societe Generale set a $160.00 price objective on shares of International Business Machines Corp. and gave the company a “neutral” rating in a research note on Tuesday, September 27th. Zacks Investment Research raised shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Vetr cut shares of International Business Machines Corp. from a “buy” rating to a “hold” rating and set a $159.83 price objective for the company. in a research note on Monday, September 19th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $162.00 price objective on shares of International Business Machines Corp. in a research note on Monday, September 12th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corp. has an average rating of “Hold” and an average target price of $154.47.

In other International Business Machines Corp. news, insider John E. Kelly III sold 6,698 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total value of $1,077,641.22. Following the sale, the insider now directly owns 33,576 shares in the company, valued at approximately $5,402,042.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Picciano sold 1,922 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total transaction of $305,905.52. Following the completion of the sale, the insider now owns 35,861 shares in the company, valued at $5,707,636.76. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

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

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