Boston Research & Management Inc. maintained its stake in shares of International Business Machines Co. (NYSE:IBM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,318 shares of the technology company’s stock at the end of the 2nd quarter. Boston Research & Management Inc.’s holdings in International Business Machines were worth $664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Herndon Capital Management LLC increased its holdings in shares of International Business Machines by 39.0% in the 2nd 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 last quarter. Edge Wealth Management LLC increased its holdings in shares of International Business Machines by 5.6% in the 2nd 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 last quarter. Peddock Capital Advisors LLC increased its holdings in shares of International Business Machines by 7.3% in the 2nd 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 last quarter. Horan Securities Inc. increased its holdings in shares of International Business Machines by 845.5% in the 2nd 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 last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of International Business Machines by 85.1% in the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after acquiring an additional 441 shares during the last quarter. Institutional investors own 58.43% of the company’s stock.

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Shares of International Business Machines Co. (NYSE:IBM) opened at $150.51 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $139,340.00, a PE ratio of 10.91, a P/E/G ratio of 2.18 and a beta of 0.94. International Business Machines Co. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 57.48% and a net margin of 14.23%. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $3.29 earnings per share. equities analysts anticipate that International Business Machines Co. will post 13.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio is currently 50.08%.

A number of research analysts have recently commented on IBM shares. UBS AG reiterated a “neutral” rating and issued a $160.00 price objective (up previously from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Jefferies Group LLC reiterated a “sell” rating and issued a $125.00 price objective on shares of International Business Machines in a report on Thursday, September 21st. Vetr downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $150.68 price objective on the stock. in a report on Monday, July 24th. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Finally, Wedbush reissued a “neutral” rating and issued a $155.00 target price on shares of International Business Machines in a research report on Wednesday, August 9th. 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 assigned a strong buy rating to the company’s stock. International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $158.93.

International Business Machines 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 (NYSE:IBM)

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