AGF Investments America Inc. raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,795 shares of the technology company’s stock after acquiring an additional 308 shares during the quarter. AGF Investments America Inc.’s holdings in International Business Machines were worth $1,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SeaBridge Investment Advisors LLC boosted its position in shares of International Business Machines by 18.9% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after purchasing an additional 12,236 shares in the last quarter. Intellectus Partners LLC boosted its position in shares of International Business Machines by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after purchasing an additional 1,496 shares in the last quarter. CKW Financial Group boosted its position in shares of International Business Machines by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after purchasing an additional 121 shares in the last quarter. Argus Investors Counsel Inc. boosted its position in shares of International Business Machines by 10.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after purchasing an additional 2,651 shares in the last quarter. Finally, SOL Capital Management CO boosted its position in shares of International Business Machines by 0.6% during the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after purchasing an additional 45 shares in the last quarter. 57.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (NYSE IBM) traded down $0.23 during mid-day trading on Wednesday, hitting $152.24. 1,050,930 shares of the stock traded hands, compared to its average volume of 4,239,415. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The stock has a market cap of $141,160.00, a price-to-earnings ratio of 11.12, a P/E/G ratio of 2.22 and a beta of 0.94.

International Business Machines (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 the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same quarter last year, the business posted $3.29 EPS. International Business Machines’s quarterly revenue was down .4% compared to the same quarter last year. equities research analysts anticipate that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 3.94%. International Business Machines’s payout ratio is currently 50.08%.

A number of equities analysts have recently issued reports on IBM shares. Vetr raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $150.93 price objective on the stock in a research report on Thursday, August 24th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and issued a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. Drexel Hamilton restated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a report on Tuesday, October 17th. Finally, Pivotal Research started coverage on shares of International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 target price on the stock. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. International Business Machines currently has a consensus rating of “Hold” and an average target price of $159.12.

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International Business Machines 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 (NYSE:IBM)

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