LSV Asset Management boosted its stake in International Business Machines Corporation (NYSE:IBM) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,578,404 shares of the technology company’s stock after buying an additional 59,030 shares during the period. International Business Machines Corporation accounts for about 0.8% of LSV Asset Management’s investment portfolio, making the stock its 20th largest position. LSV Asset Management owned 0.27% of International Business Machines Corporation worth $449,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bank purchased a new position in International Business Machines Corporation during the first quarter valued at approximately $1,416,000. HighPoint Advisor Group LLC increased its position in shares of International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock worth $3,848,000 after buying an additional 2,209 shares in the last quarter. Nadler Financial Group Inc. increased its position in shares of International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock worth $452,000 after buying an additional 320 shares in the last quarter. NewSquare Capital LLC increased its position in shares of International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock worth $1,132,000 after buying an additional 782 shares in the last quarter. Finally, First Command Financial Services Inc. increased its position in shares of International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock worth $1,196,000 after buying an additional 389 shares in the last quarter. Institutional investors own 58.57% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded down 0.71% during trading on Friday, reaching $139.70. The company had a trading volume of 4,152,714 shares. International Business Machines Corporation has a 1-year low of $139.58 and a 1-year high of $182.79. The stock has a market capitalization of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. The firm has a 50-day moving average of $147.30 and a 200-day moving average of $161.22.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter last year, the firm earned $2.95 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.29%. International Business Machines Corporation’s payout ratio is 49.88%.

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A number of research analysts have recently issued reports on the company. Pacific Crest assumed coverage on International Business Machines Corporation in a report on Thursday, May 18th. They issued an “equal weight” rating and a $151.35 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $160.00 price target (down from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price target on the stock in a report on Monday, May 15th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. International Business Machines Corporation presently has an average rating of “Hold” and a consensus price target of $157.40.

About International Business Machines Corporation

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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