South Dakota Investment Council lowered its position in International Business Machines Corporation (NYSE:IBM) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 186,985 shares of the technology company’s stock after selling 30,770 shares during the period. South Dakota Investment Council’s holdings in International Business Machines were worth $28,764,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Herndon Capital Management LLC boosted its holdings in shares of International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in shares of International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the last quarter. Peddock Capital Advisors LLC boosted its holdings in shares of International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the last quarter. Horan Securities Inc. boosted its holdings in shares of International Business Machines by 845.5% during the 2nd 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 last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of International Business Machines by 85.1% during the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after purchasing an additional 441 shares during the last quarter. 57.31% of the stock is owned by institutional investors.

International Business Machines Corporation (IBM) traded up $0.79 during trading on Friday, reaching $154.76. 5,567,597 shares of the company were exchanged, compared to its average volume of 4,156,913. 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 has a 12 month low of $139.13 and a 12 month high of $182.79. The stock has a market cap of $142,544.11, a price-to-earnings ratio of 11.27, a P/E/G ratio of 2.25 and a beta of 0.94.

International Business Machines (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 the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period in the prior year, the company posted $3.29 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. equities analysts predict that International Business Machines Corporation will post 13.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors 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 yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is currently 50.13%.

IBM has been the subject of several research reports. UBS reissued a “hold” rating and set a $152.00 price objective on shares of International Business Machines in a report on Tuesday, September 5th. BidaskClub upgraded shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price on the stock in a research report on Wednesday, November 15th. Morgan Stanley restated an “overweight” rating and set a $192.00 target price on shares of International Business Machines in a research report on Wednesday, August 23rd. Finally, KeyCorp restated a “hold” rating on shares of International Business Machines in a research report on Friday, November 3rd. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $159.12.

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International Business Machines 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 (NYSE:IBM)

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