Independent Advisor Alliance raised its position in International Business Machines Corp. (NYSE:IBM) by 11.2% in the third quarter, Holdings Channel reports. The fund owned 5,980 shares of the technology company’s stock after buying an additional 601 shares during the period. Independent Advisor Alliance’s holdings in International Business Machines were worth $881,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of 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 worth $9,572,538,000 after buying an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of 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 worth $499,955,000 after buying an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 worth $208,923,000 after buying an additional 1,249,916 shares during the last quarter. BlackRock Inc. lifted its position in shares of International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of 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 worth $118,347,000 after buying an additional 807,553 shares during the last quarter. Institutional investors own 57.08% of the company’s stock.

Shares of International Business Machines Corp. (NYSE IBM) opened at $150.75 on Wednesday. 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 cap of $140,164.81, a price-to-earnings ratio of 10.95, a P/E/G ratio of 2.21 and a beta of 0.94. 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 (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. International Business Machines’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.01 EPS. equities analysts forecast that International Business Machines Corp. will post 13.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 annualized dividend and a yield of 3.98%. International Business Machines’s dividend payout ratio is currently 98.20%.

Several analysts have recently weighed in on IBM shares. UBS Group restated a “neutral” rating and set a $160.00 price objective (up previously from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Morgan Stanley downgraded shares of International Business Machines from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $200.00 to $205.00 in a research report on Tuesday, January 23rd. Societe Generale set a $149.00 price objective on shares of International Business Machines and gave the stock a “sell” rating in a research report on Friday, January 19th. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective for the company in a research report on Wednesday, December 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $164.37.

In other news, Director Frederick H. Waddell acquired 610 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

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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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