Bronfman E.L. Rothschild L.P. lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 70.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,428 shares of the technology company’s stock after buying an additional 9,286 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in International Business Machines Corporation were worth $3,450,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CKW Financial Group raised its stake in shares of 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 buying an additional 3 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its stake in shares of 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 buying an additional 7 shares during the last quarter. Milestone Group Inc. raised its stake in shares of 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 buying an additional 8 shares during the last quarter. Gilbert & Cook Inc. raised its stake in shares of 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 buying an additional 12 shares during the last quarter. Finally, BSW Wealth Partners raised its stake in shares of 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 buying an additional 14 shares during the last quarter. 58.43% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE IBM) opened at $151.95 on Wednesday. The firm has a market capitalization of $139,340.86, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

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

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s payout ratio is 50.13%.

Several research firms have recently issued reports on IBM. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target for the company in a research note on Monday, July 31st. Wedbush reaffirmed a “neutral” rating and set a $155.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Finally, ValuEngine raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Eight investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $158.93.

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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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