Ajo LP boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 495.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,914 shares of the technology company’s stock after purchasing an additional 22,394 shares during the quarter. Ajo LP’s holdings in International Business Machines were worth $4,140,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of International Business Machines by 0.4% in the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of International Business Machines by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after buying an additional 134,862 shares in the last quarter. Swiss National Bank raised its position in shares of International Business Machines by 2.9% in the 2nd quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock valued at $543,786,000 after buying an additional 100,700 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of International Business Machines by 3.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock valued at $432,053,000 after buying an additional 88,708 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of International Business Machines by 14.9% in the 2nd quarter. Schroder Investment Management Group now owns 2,792,290 shares of the technology company’s stock valued at $430,376,000 after buying an additional 362,026 shares in the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.

International Business Machines Corporation (IBM) traded down $0.77 on Wednesday, reaching $154.58. 748,324 shares of the company’s stock were exchanged, compared to its average volume of 4,263,785. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week 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 company has a market cap of $144,849.33, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its 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. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period in the previous year, the firm posted $3.29 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts expect that International Business Machines Corporation will post 13.8 EPS for the current fiscal 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 issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, November 9th. International Business Machines’s payout ratio is 50.13%.

Several brokerages have recently commented on IBM. Berenberg Bank set a $125.00 target price on shares of International Business Machines and gave the company a “sell” rating in a research report on Wednesday, October 18th. Vetr cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price objective for the company. in a research report on Thursday, October 19th. Tigress Financial reiterated a “buy” rating on shares of International Business Machines in a research report on Friday, December 1st. Pivotal Research initiated coverage on shares of International Business Machines in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective for the company. Finally, KeyCorp reiterated 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 issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $159.12.

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International Business Machines 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.

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

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