Kentucky Retirement Systems Insurance Trust Fund acquired a new position in International Business Machines Corp. (NYSE:IBM) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 35,659 shares of the technology company’s stock, valued at approximately $5,412,000.

A number of other institutional investors have also recently bought and sold shares of the company. Roble Belko & Company Inc increased its position in International Business Machines Corp. by 2.9% in the second quarter. Roble Belko & Company Inc now owns 674 shares of the technology company’s stock worth $102,000 after buying an additional 19 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in International Business Machines Corp. during the second quarter worth about $105,000. Cypress Capital Management LLC WY purchased a new position in International Business Machines Corp. during the second quarter worth about $107,000. Jackson Grant Investment Advisers Inc. increased its position in International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock worth $110,000 after buying an additional 5 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new position in International Business Machines Corp. during the second quarter worth about $120,000. 58.19% of the stock is currently owned by hedge funds and other institutional investors.

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

International Business Machines Corp. (NYSE:IBM) traded up 0.37% during midday trading on Friday, hitting $160.39. The company had a trading volume of 2,981,633 shares. International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $165.00. The stock has a market capitalization of $152.51 billion, a PE ratio of 13.07 and a beta of 0.94. The stock has a 50 day moving average price of $154.62 and a 200-day moving average price of $154.77.

International Business Machines Corp. (NYSE:IBM) last issued its earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.24 by $0.05. International Business Machines Corp. had a return on equity of 82.86% and a net margin of 14.75%. The business earned $19.23 billion during the quarter, compared to analysts’ expectations of $19 billion. During the same period in the prior year, the business earned $3.34 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Corp. will post $13.50 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Thursday, November 10th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, November 8th. International Business Machines Corp.’s payout ratio is 45.64%.

IBM has been the topic of a number of research analyst reports. Societe Generale set a $160.00 price target on shares of International Business Machines Corp. and gave the stock a “neutral” rating in a report on Tuesday, September 27th. Zacks Investment Research raised shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Cantor Fitzgerald reissued a “hold” rating and issued a $162.00 price target on shares of International Business Machines Corp. in a report on Monday, September 12th. Wells Fargo & Co. reissued a “market perform” rating and issued a $155.00 price target (down from $160.00) on shares of International Business Machines Corp. in a report on Friday, October 21st. Finally, Morgan Stanley cut their price target on shares of International Business Machines Corp. from $182.00 to $179.00 and set an “overweight” rating on the stock in a report on Tuesday, October 18th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corp. presently has an average rating of “Hold” and a consensus price target of $156.04.

In other news, insider Jon C. Iwata sold 19,866 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $158.63, for a total value of $3,151,343.58. Following the completion of the transaction, the insider now directly owns 54,719 shares of the company’s stock, valued at approximately $8,680,074.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Erich Clementi sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $160.28, for a total value of $961,680.00. Following the completion of the transaction, the insider now directly owns 25,100 shares of the company’s stock, valued at $4,023,028. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

About International Business Machines Corp.

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.