Buckingham Asset Management LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,918 shares of the technology company’s stock after acquiring an additional 522 shares during the quarter. Buckingham Asset Management LLC’s holdings in International Business Machines Corporation were worth $1,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CKW Financial Group grew its holdings in International Business Machines Corporation by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after acquiring an additional 3 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its holdings in International Business Machines Corporation by 0.5% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after acquiring an additional 7 shares during the last quarter. Milestone Group Inc. grew its holdings in International Business Machines Corporation by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after acquiring an additional 8 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in International Business Machines Corporation by 0.6% during the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after acquiring an additional 12 shares during the last quarter. Finally, BSW Wealth Partners grew its holdings in International Business Machines Corporation by 0.4% during the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock worth $695,000 after acquiring an additional 14 shares during the last quarter. 58.25% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Buckingham Asset Management LLC Boosts Holdings in International Business Machines Corporation (IBM)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/15/buckingham-asset-management-llc-boosts-holdings-in-international-business-machines-corporation-ibm.html.

Shares of International Business Machines Corporation (NYSE IBM) opened at $148.89 on Wednesday. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The stock has a market cap of $137,387.44, a price-to-earnings ratio of 10.86, a PEG ratio of 2.17 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same quarter in the prior year, the business posted $3.29 EPS. The business’s revenue was down .4% compared to the same quarter last year. research analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 4.03%. International Business Machines Corporation’s payout ratio is 50.13%.

International Business Machines Corporation declared that its board has authorized a stock buyback plan on Tuesday, October 31st that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

A number of research firms have weighed in on IBM. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $160.68 target price on the stock. in a report on Thursday, October 19th. Berenberg Bank set a $125.00 target price on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Wednesday, October 18th. Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $158.90.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

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.