Private Harbour Investment Management & Counsel LLC lessened its holdings in International Business Machines Corporation (NYSE:IBM) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,571 shares of the technology company’s stock after selling 145 shares during the period. Private Harbour Investment Management & Counsel LLC’s holdings in International Business Machines Corporation were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in IBM. Harbour Capital Advisors LLC increased its stake in shares of International Business Machines Corporation by 14,730.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock valued at $3,143,000 after purchasing an additional 480,228 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of International Business Machines Corporation by 668.8% in the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock valued at $85,677,000 after purchasing an additional 428,011 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of International Business Machines Corporation by 31.9% in the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock valued at $266,651,000 after purchasing an additional 370,700 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of International Business Machines Corporation by 116.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock valued at $76,967,000 after purchasing an additional 269,379 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of International Business Machines Corporation by 70.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock valued at $112,830,000 after purchasing an additional 267,588 shares in the last quarter. Hedge funds and other institutional investors own 58.25% of the company’s stock.

IBM has been the subject of several research reports. Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 price objective (down from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th. Zacks Investment Research upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Standpoint Research upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reiterated a “hold” rating and set a $167.00 price objective (up from $165.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Finally, Berenberg Bank reiterated a “sell” rating and set a $125.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $158.93.

International Business Machines Corporation (IBM) opened at $147.10 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a market capitalization of $137,841.09, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94.

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

International Business Machines Corporation announced that its board has authorized a share repurchase program on Tuesday, October 31st that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio is currently 50.13%.

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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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