Welch Investments LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,213 shares of the technology company’s stock after acquiring an additional 2,717 shares during the period. Welch Investments LLC’s holdings in International Business Machines Corporation were worth $3,879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Horan Securities Inc. raised its stake in shares of International Business Machines Corporation by 845.5% during 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 during the period. Proficio Capital Partners LLC increased its stake in shares of International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after buying an additional 441 shares during the last quarter. CKW Financial Group increased its stake in shares of International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the last quarter. Grisanti Capital Management LLC increased its stake in shares of International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares during the last quarter. Finally, Capital Management Associates NY bought a new stake in shares of International Business Machines Corporation in the first quarter worth $200,000. 57.88% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on IBM shares. Credit Suisse Group reiterated an “underperform” rating and set a $110.00 target price (down previously from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. UBS AG reiterated a “neutral” rating and set a $159.00 target price (down previously from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “sell” rating and set a $125.00 target price on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price for the company. in a research note on Monday, July 24th. Finally, Berenberg Bank reiterated a “sell” rating and set a $125.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation (IBM) opened at 146.48 on Monday. The stock has a 50 day moving average price of $144.33 and a 200-day moving average price of $152.97. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The firm has a market cap of $136.51 billion, a P/E ratio of 12.16 and a beta of 0.95.

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 analysts’ consensus estimates of $2.74 by $0.23. The firm had revenue of $19.29 billion during 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 company’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.95 EPS. Analysts predict that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were issued a dividend of $1.50 per share. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.10%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 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.

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

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