Investors Asset Management of Georgia Inc. GA ADV raised its position in International Business Machines Corporation (NYSE:IBM) by 1.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,888 shares of the technology company’s stock after purchasing an additional 50 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in International Business Machines Corporation were worth $444,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IBM. State Street Corp raised its holdings in shares of International Business Machines Corporation by 0.4% during the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after acquiring an additional 181,993 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of International Business Machines Corporation by 5.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock worth $786,478,000 after acquiring an additional 215,180 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of International Business Machines Corporation by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock worth $473,649,000 after acquiring an additional 34,936 shares during the period. LSV Asset Management raised its holdings in shares of International Business Machines Corporation by 2.3% during the 1st quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock worth $449,003,000 after acquiring an additional 59,030 shares during the period. Finally, APG Asset Management N.V. raised its holdings in shares of International Business Machines Corporation by 11.6% during the 2nd quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock worth $388,805,000 after acquiring an additional 261,720 shares during the period. Institutional investors own 57.87% of the company’s stock.

Several research firms have recently commented on IBM. ValuEngine lowered International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday. UBS AG reiterated a “hold” rating and set a $152.00 price target on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.93 price target on the stock in a report on Thursday, August 24th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $192.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $157.12.

Shares of International Business Machines Corporation (NYSE IBM) opened at 144.55 on Tuesday. The stock has a market cap of $134.71 billion, a PE ratio of 12.00 and a beta of 0.97. The company’s 50-day moving average price is $143.20 and its 200 day moving average price is $155.84. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $2.95 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.15%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 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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