BLB&B Advisors LLC continued to hold its position in International Business Machines Corporation (NYSE:IBM) during the second quarter, Holdings Channel reports. The fund owned 69,512 shares of the technology company’s stock at the end of the second quarter. International Business Machines Corporation accounts for about 2.1% of BLB&B Advisors LLC’s investment portfolio, making the stock its 6th largest position. BLB&B Advisors LLC’s holdings in International Business Machines Corporation were worth $12,105,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBM. Teachers Advisors LLC raised its position in International Business Machines Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 1,448,292 shares of the technology company’s stock valued at $240,402,000 after buying an additional 41,279 shares during the last quarter. Kentucky Retirement Systems acquired a new position in International Business Machines Corporation during the fourth quarter valued at about $10,422,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in International Business Machines Corporation during the fourth quarter valued at about $4,650,000. Wsfs Capital Management LLC acquired a new position in International Business Machines Corporation during the fourth quarter valued at about $362,000. Finally, Macquarie Group Ltd. raised its position in International Business Machines Corporation by 23.4% in the fourth quarter. Macquarie Group Ltd. now owns 82,764 shares of the technology company’s stock valued at $13,739,000 after buying an additional 15,690 shares during the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.01% on Thursday, reaching $142.48. 1,241,339 shares of the company traded hands. International Business Machines Corporation has a 1-year low of $140.58 and a 1-year high of $182.79. The stock has a market capitalization of $132.78 billion, a price-to-earnings ratio of 11.83 and a beta of 0.97. The company has a 50-day moving average of $148.13 and a 200-day moving average of $161.63.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts anticipate that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.21%. International Business Machines Corporation’s payout ratio is 49.88%.

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IBM has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Sanford C. Bernstein restated a “market perform” rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, April 19th. UBS AG restated a “neutral” rating and issued a $167.00 price objective (down from $185.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Wells Fargo & Company restated a “market perform” rating and issued a $162.50 price objective on shares of International Business Machines Corporation in a report on Tuesday, April 25th. Finally, BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $157.40.

International Business Machines Corporation 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.

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

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