Weaver C. Barksdale & Associates Inc. raised its holdings in International Business Machines Corporation (NYSE:IBM) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,817 shares of the technology company’s stock after purchasing an additional 80 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in International Business Machines Corporation were worth $1,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Horan Securities Inc. grew its position 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 valued at $144,000 after purchasing an additional 837 shares in the last quarter. Proficio Capital Partners LLC increased its stake in 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 worth $146,000 after acquiring an additional 441 shares during the last quarter. CKW Financial Group increased its stake in International Business Machines Corporation by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the last quarter. Grisanti Capital Management LLC increased its stake in 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 worth $179,000 after acquiring an additional 20 shares during the last quarter. Finally, Capital Management Associates NY bought a new position in International Business Machines Corporation in the 1st quarter worth about $200,000. Hedge funds and other institutional investors own 57.88% of the company’s stock.

A number of research firms recently commented on IBM. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a research note on Friday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. 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. Finally, Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target on the stock in a report on Monday, June 19th. 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. International Business Machines Corporation currently has an average rating of “Hold” and a consensus target price of $157.12.

Shares of International Business Machines Corporation (NYSE IBM) traded up 1.00% during midday trading on Monday, reaching $146.53. 1,420,987 shares of the company traded hands. The firm has a market capitalization of $136.56 billion, a PE ratio of 12.16 and a beta of 0.95. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The stock has a 50 day moving average price of $143.19 and a 200 day moving average price of $155.58.

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

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

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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.

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

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