Empirical Financial Services LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,294 shares of the technology company’s stock after acquiring an additional 114 shares during the quarter. Empirical Financial Services LLC’s holdings in International Business Machines were worth $353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp grew its holdings in International Business Machines by 0.4% during the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after purchasing an additional 181,993 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in International Business Machines by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after purchasing an additional 134,862 shares during the period. Swiss National Bank grew its holdings in International Business Machines by 2.9% during the second quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock valued at $543,786,000 after purchasing an additional 100,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in International Business Machines by 3.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock valued at $432,053,000 after purchasing an additional 88,708 shares during the period. Finally, APG Asset Management N.V. grew its holdings in International Business Machines by 11.6% during the second quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after purchasing an additional 261,720 shares during the period. 57.31% of the stock is owned by institutional investors.

International Business Machines Corporation (NYSE IBM) traded up $1.08 on Thursday, hitting $153.55. The stock had a trading volume of 5,095,500 shares, compared to its average volume of 4,243,137. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a market capitalization of $141,155.42, a P/E ratio of 11.16, a P/E/G ratio of 2.23 and a beta of 0.94. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79.

International Business Machines (NYSE:IBM) last posted its 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. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $3.29 earnings per share. analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 3.91%. International Business Machines’s payout ratio is presently 50.13%.

Several equities analysts have weighed in on IBM shares. UBS reissued a “neutral” rating and set a $160.00 price objective (up from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Jefferies Group reissued a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a report on Thursday, September 21st. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 price target on shares of International Business Machines in a report on Friday, October 13th. Wedbush reaffirmed a “neutral” rating and issued a $155.00 price target on shares of International Business Machines in a report on Wednesday, August 9th. Finally, ValuEngine lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $159.12.

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About International Business Machines

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.

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

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