Strategic Financial Group LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 7.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,184 shares of the technology company’s stock after purchasing an additional 455 shares during the quarter. Strategic Financial Group LLC’s holdings in International Business Machines Corporation were worth $951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Herndon Capital Management LLC boosted its holdings in shares of International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares during the period. Edge Wealth Management LLC boosted its holdings in shares of International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the period. Peddock Capital Advisors LLC boosted its holdings in shares of International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the period. Horan Securities Inc. boosted its holdings in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares during the period. Finally, CKW Financial Group boosted its holdings in shares of International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares during the period. 58.35% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (IBM) opened at $149.16 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a market capitalization of $138,090.98, a PE ratio of 10.92, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the company earned $3.29 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. equities analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current year.

International Business Machines Corporation announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 31st that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s payout ratio is 50.13%.

Several brokerages recently weighed in on IBM. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank of Canada reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $170.00 price target (up from $167.00) on shares of International Business Machines Corporation in a report on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. International Business Machines Corporation presently has an average rating of “Hold” and an average price target of $158.90.

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International Business Machines Corporation 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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