Cortland Associates Inc. MO maintained its position in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,896 shares of the technology company’s stock at the close of the 2nd quarter. International Business Machines Corporation accounts for approximately 0.1% of Cortland Associates Inc. MO’s holdings, making the stock its 26th biggest position. Cortland Associates Inc. MO’s holdings in International Business Machines Corporation were worth $599,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in International Business Machines Corporation by 0.4% in the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after acquiring an additional 181,993 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of International Business Machines Corporation by 5.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock worth $786,478,000 after purchasing an additional 215,180 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of International Business Machines Corporation by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock worth $473,649,000 after purchasing an additional 34,936 shares during the period. LSV Asset Management lifted its stake in shares of International Business Machines Corporation by 2.3% during the 1st quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock worth $449,003,000 after purchasing an additional 59,030 shares during the period. Finally, APG Asset Management N.V. lifted its stake in shares of International Business Machines Corporation by 11.6% during the 2nd quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock worth $388,805,000 after purchasing an additional 261,720 shares during the period. Hedge funds and other institutional investors own 57.87% of the company’s stock.

International Business Machines Corporation (NYSE IBM) opened at 145.13 on Friday. The firm has a market capitalization of $135.25 billion, a price-to-earnings ratio of 12.04 and a beta of 0.97. The firm’s 50-day moving average is $143.19 and its 200 day moving average is $155.58. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.95 earnings per share. Analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.13%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is currently 49.88%.

Several equities research analysts have recently issued reports on IBM shares. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price objective for the company in a research report on Wednesday, June 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, June 9th. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Cleveland Research initiated coverage on International Business Machines Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating on the stock. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $165.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. International Business Machines Corporation presently has an average rating of “Hold” and a consensus target price of $157.12.

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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.

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

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