Robinson Value Management Ltd. raised its stake in International Business Machines Corporation (NYSE:IBM) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 25,511 shares of the technology company’s stock after purchasing an additional 895 shares during the quarter. International Business Machines Corporation accounts for 3.7% of Robinson Value Management Ltd.’s portfolio, making the stock its 5th biggest position. Robinson Value Management Ltd.’s holdings in International Business Machines Corporation were worth $3,924,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. K.J. Harrison & Partners Inc lifted its position in International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after purchasing an additional 7 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its position in International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after purchasing an additional 7 shares during the last quarter. Financial & Investment Management Group Ltd. lifted its position in International Business Machines Corporation by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock valued at $341,000 after purchasing an additional 12 shares during the last quarter. Gilbert & Cook Inc. lifted its position in International Business Machines Corporation by 0.6% in the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after purchasing an additional 12 shares during the last quarter. Finally, BSW Wealth Partners lifted its position in International Business Machines Corporation by 0.4% in the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 57.94% of the company’s stock.

IBM has been the subject of a number of recent analyst reports. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Cleveland Research initiated coverage on International Business Machines Corporation in a report on Thursday, June 22nd. They set a “neutral” rating for the company. Cantor Fitzgerald restated a “hold” rating and set a $154.00 target price (down previously from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Argus restated a “buy” rating and set a $175.00 target price (down previously from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Finally, UBS AG restated a “neutral” rating and set a $159.00 target price (down previously from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $157.12.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.49% during midday trading on Friday, reaching $144.82. The company’s stock had a trading volume of 7,397,233 shares. The stock’s 50-day moving average is $143.19 and its 200-day moving average is $156.45. The company has a market capitalization of $134.96 billion, a P/E ratio of 12.02 and a beta of 0.97. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

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 for the quarter, topping the consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.95 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were given a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.14%. International Business Machines Corporation’s payout ratio is 49.88%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/09/16/international-business-machines-corporation-ibm-is-robinson-value-management-ltd-s-5th-largest-position.html.

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.

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

Receive News & Stock Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related stocks with our FREE daily email newsletter.