Greylin Investment Mangement Inc. raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 189,628 shares of the technology company’s stock after acquiring an additional 2,579 shares during the period. International Business Machines Corporation makes up 6.7% of Greylin Investment Mangement Inc.’s holdings, making the stock its 4th largest position. Greylin Investment Mangement Inc.’s holdings in International Business Machines Corporation were worth $29,170,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IBM. Horan Securities Inc. increased its position in shares of International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of International Business Machines Corporation by 85.1% in the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares in the last quarter. CKW Financial Group increased its position in shares of International Business Machines Corporation by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares in the last quarter. Grisanti Capital Management LLC increased its position in shares of International Business Machines Corporation by 2.0% in the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after buying an additional 20 shares in the last quarter. Finally, Capital Management Associates NY bought a new stake in shares of International Business Machines Corporation in the 1st quarter valued at $200,000. Institutional investors own 57.94% of the company’s stock.

IBM has been the subject of a number of recent analyst reports. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective for the company in a research report on Monday, July 31st. Morgan Stanley restated an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and issued a $200.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Berenberg Bank restated a “sell” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated an “underperform” rating and issued a $125.00 price objective (down previously from $135.00) on shares of International Business Machines Corporation in a research report on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $157.41.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.73% during midday trading on Monday, reaching $144.08. 3,351,733 shares of the company traded hands. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a 50-day moving average of $144.41 and a 200 day moving average of $158.80. The firm has a market capitalization of $134.27 billion, a PE ratio of 11.96 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data 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 net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same period in the prior year, the firm posted $2.95 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Corporation will post $13.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is 49.88%.

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International Business Machines Corporation 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.

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

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