BT Investment Management Ltd purchased a new stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,299 shares of the technology company’s stock, valued at approximately $5,276,000.

A number of other hedge funds also recently made changes to their positions in the stock. CKW Financial Group boosted its stake in International Business Machines by 0.3% in the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after buying an additional 3 shares in the last quarter. Milestone Group Inc. boosted its stake in International Business Machines by 0.4% in the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after buying an additional 8 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in International Business Machines by 0.6% in the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after purchasing an additional 12 shares in the last quarter. Hugh Johnson Advisors LLC boosted its stake in International Business Machines by 0.9% in the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after purchasing an additional 12 shares in the last quarter. Finally, BSW Wealth Partners boosted its stake in International Business Machines by 0.4% in the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock worth $695,000 after purchasing an additional 14 shares in the last quarter. 57.26% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the company. Berenberg Bank set a $125.00 price objective on International Business Machines and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Vetr lowered International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price objective on the stock. in a research note on Thursday, October 19th. Tigress Financial reissued a “buy” rating on shares of International Business Machines in a research note on Friday, December 1st. Pivotal Research assumed coverage on International Business Machines in a research note on Friday, October 27th. They issued a “buy” rating and a $180.00 price objective on the stock. Finally, KeyCorp reissued a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $159.24.

International Business Machines Corporation (NYSE:IBM) traded up $0.79 during midday trading on Friday, reaching $154.36. The company had a trading volume of 575,041 shares, compared to its average volume of 4,258,083. The company has a market capitalization of $142,664.47, a P/E ratio of 11.28, a PEG ratio of 2.26 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79.

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

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued 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 3.89%. International Business Machines’s dividend payout ratio (DPR) is currently 50.13%.

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About International Business Machines

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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