Mason Street Advisors LLC acquired a new position in shares of International Business Machines Corp. (NYSE:IBM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 118,957 shares of the technology company’s stock, valued at approximately $18,055,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in International Business Machines Corp. by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 49,870 shares of the technology company’s stock worth $7,570,000 after buying an additional 2,575 shares during the last quarter. Front Street Capital Management Inc. bought a new position in shares of International Business Machines Corp. during the second quarter valued at approximately $937,000. Beacon Trust Co. raised its position in shares of International Business Machines Corp. by 0.3% in the second quarter. Beacon Trust Co. now owns 10,311 shares of the technology company’s stock valued at $1,565,000 after buying an additional 35 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of International Business Machines Corp. during the second quarter valued at approximately $450,000. Finally, Optimum Investment Advisors raised its position in shares of International Business Machines Corp. by 37.4% in the second quarter. Optimum Investment Advisors now owns 7,013 shares of the technology company’s stock valued at $1,064,000 after buying an additional 1,908 shares in the last quarter. 58.19% 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 up 0.37% on Friday, hitting $160.39. The company had a trading volume of 2,981,633 shares. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00. The company has a market capitalization of $152.51 billion, a P/E ratio of 13.07 and a beta of 0.94. The firm 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 announced its earnings results on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, beating the 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 company had revenue of $19.23 billion for the quarter, compared to analyst estimates of $19 billion. During the same quarter in the prior year, the company earned $3.34 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts expect that International Business Machines Corp. will post $13.50 EPS for the current year.

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

IBM has been the subject of several research analyst reports. Cantor Fitzgerald set a $162.00 target price on shares of International Business Machines Corp. and gave the company a “hold” rating in a report on Saturday, October 15th. Vetr downgraded shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $155.84 price target for the company. in a report on Wednesday, September 7th. Credit Suisse Group AG reiterated an “underperform” rating and set a $110.00 price target on shares of International Business Machines Corp. in a report on Saturday, September 3rd. Drexel Hamilton reiterated a “buy” rating and set a $186.00 price target on shares of International Business Machines Corp. in a report on Monday, August 15th. Finally, Standpoint Research downgraded shares of International Business Machines Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $156.04.

In other International Business Machines Corp. news, insider Erich Clementi sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 25,100 shares in the company, valued at $4,023,028. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Picciano sold 1,922 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was 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 owns 35,861 shares in the company, valued at approximately $5,707,636.76. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

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

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