Greytown Advisors Inc. increased its stake in International Business Machines Corp. (NYSE:IBM) by 63.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,231 shares of the technology company’s stock after purchasing an additional 2,034 shares during the quarter. Greytown Advisors Inc.’s holdings in International Business Machines were worth $759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Vanguard Group Inc. lifted its holdings in International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after purchasing an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB lifted its holdings in International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after purchasing an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in International Business Machines by 1,155.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after purchasing an additional 1,249,916 shares during the last quarter. BlackRock Inc. lifted its holdings in International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after purchasing an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in International Business Machines by 9,678.2% during the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock valued at $118,347,000 after purchasing an additional 807,553 shares during the last quarter. 57.06% of the stock is owned by institutional investors.

In related news, Director Frederick H. Waddell purchased 610 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.

International Business Machines Corp. (NYSE IBM) opened at $149.51 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a market capitalization of $138,415.02, a price-to-earnings ratio of 10.81, a P/E/G ratio of 2.19 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The company had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter last year, the business earned $5.01 earnings per share. International Business Machines’s revenue was up 3.6% on a year-over-year basis. analysts expect that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s payout ratio is currently 98.20%.

Several equities research analysts have issued reports on IBM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines in a report on Wednesday, October 18th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target on shares of International Business Machines in a report on Tuesday, October 17th. Vetr raised International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 price target for the company in a report on Tuesday, October 24th. Pivotal Research started coverage on International Business Machines in a report on Friday, October 27th. They set a “buy” rating and a $180.00 price target for the company. Finally, Tigress Financial reaffirmed a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $164.37.

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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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