Quotient Investors LLC maintained its stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,603 shares of the technology company’s stock at the end of the second quarter. International Business Machines Corporation accounts for about 1.1% of Quotient Investors LLC’s portfolio, making the stock its 28th largest position. Quotient Investors LLC’s holdings in International Business Machines Corporation were worth $1,846,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. boosted its stake in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the period. Horan Securities Inc. boosted its stake in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after buying an additional 441 shares during the period. CKW Financial Group boosted its stake in shares of International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the period. Finally, Grisanti Capital Management LLC boosted its stake in shares of International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares during the period. 58.57% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.15% during trading on Tuesday, hitting $142.53. The stock had a trading volume of 1,743,648 shares. The firm has a market capitalization of $132.83 billion, a P/E ratio of 11.83 and a beta of 0.97. The stock’s 50-day moving average price is $148.86 and its 200 day moving average price is $162.02. International Business Machines Corporation has a 1-year low of $141.19 and a 1-year high of $182.79.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter in the prior year, the business posted $2.95 EPS. International Business Machines Corporation’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post $13.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.22%. International Business Machines Corporation’s payout ratio is presently 49.88%.

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A number of brokerages have commented on IBM. Pacific Crest began coverage on International Business Machines Corporation in a research note on Thursday, May 18th. They issued an “equal weight” rating and a $151.35 price objective for the company. Stifel Nicolaus restated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. BMO Capital Markets dropped their target price on International Business Machines Corporation from $170.00 to $165.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “sector perform” rating and issued a $160.00 target price (down previously from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Finally, Deutsche Bank AG restated a “hold” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and an average target price of $157.40.

International Business Machines Corporation Company 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.

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

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