Bedrijfstakpensioenfonds Voor DE Media PNO boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 278.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,350 shares of the technology company’s stock after buying an additional 18,650 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in International Business Machines Corporation were worth $3,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ARS Investment Partners LLC boosted its position in shares of International Business Machines Corporation by 124.7% in the fourth quarter. ARS Investment Partners LLC now owns 9,495 shares of the technology company’s stock worth $1,576,000 after buying an additional 5,270 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its position in shares of International Business Machines Corporation by 4.9% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 14,629 shares of the technology company’s stock worth $2,429,000 after buying an additional 683 shares in the last quarter. Narus Financial Partners LLC purchased a new position in shares of International Business Machines Corporation during the fourth quarter worth $611,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of International Business Machines Corporation during the fourth quarter worth $9,257,000. Finally, Independent Advisor Alliance purchased a new position in shares of International Business Machines Corporation during the fourth quarter worth $794,000. Institutional investors and hedge funds own 58.73% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded down 1.4707% during midday trading on Monday, reaching $143.0252. The company’s stock had a trading volume of 2,190,728 shares. International Business Machines Corporation has a 52 week low of $142.75 and a 52 week high of $182.79. The firm has a market capitalization of $133.29 billion, a PE ratio of 11.8703 and a beta of 0.97. The stock has a 50 day moving average of $151.77 and a 200 day moving average of $163.85.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter last year, the business posted $2.95 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is 49.88%.

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A number of research analysts have recently weighed in on IBM shares. Vetr cut International Business Machines Corporation from a “hold” rating to a “sell” rating and set a $158.35 price target for the company. in a research report on Monday, April 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, April 11th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $166.00 price objective on shares of International Business Machines Corporation in a research note on Thursday, April 13th. Jefferies Group LLC reaffirmed a “sell” rating and set a $135.00 price objective (down previously from $145.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $157.40.

In other news, Director James W. Owens purchased 1,718 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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