Good Life Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,953 shares of the technology company’s stock after purchasing an additional 17 shares during the quarter. Good Life Advisors LLC’s holdings in International Business Machines Corporation were worth $454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. Herndon Capital Management LLC grew its holdings in International Business Machines Corporation by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after acquiring an additional 195 shares during the last quarter. Edge Wealth Management LLC grew its holdings in International Business Machines Corporation by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after acquiring an additional 40 shares during the last quarter. Peddock Capital Advisors LLC grew its holdings in International Business Machines Corporation by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after acquiring an additional 62 shares during the last quarter. Horan Securities Inc. grew its holdings in International Business Machines Corporation by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after acquiring an additional 837 shares during the last quarter. Finally, CKW Financial Group grew its holdings in International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the last quarter. 58.43% of the stock is currently owned by institutional investors and hedge funds.

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International Business Machines Corporation (IBM) opened at $148.97 on Monday. The company has a market capitalization of $137,915.16, a PE ratio of 10.91, a P/E/G ratio of 2.18 and a beta of 0.94. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Investors 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 4.03%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

A number of equities research analysts have commented on the stock. Vetr raised shares of International Business Machines Corporation from a “buy” rating to a “strong-buy” rating and set a $165.26 price objective on the stock in a report on Wednesday, November 15th. Royal Bank Of Canada reissued a “hold” rating and set a $160.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, November 15th. KeyCorp reaffirmed a “hold” rating on shares of International Business Machines Corporation in a research note on Friday, November 3rd. Pivotal Research began coverage on shares of International Business Machines Corporation in a research note on Friday, October 27th. They issued a “buy” rating and a $180.00 target price on the stock. Finally, Berenberg Bank set a $125.00 target price on shares of International Business Machines Corporation and gave the company a “sell” rating in a research note on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $158.93.

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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