Sciencast Management LP acquired a new position in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 7,116 shares of the technology company’s stock, valued at approximately $1,095,000. International Business Machines accounts for about 0.6% of Sciencast Management LP’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors also recently bought and sold shares of IBM. SeaBridge Investment Advisors LLC increased its stake in International Business Machines by 18.9% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after purchasing an additional 12,236 shares in the last quarter. Intellectus Partners LLC increased its stake in International Business Machines by 9.8% in the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after purchasing an additional 1,496 shares in the last quarter. CKW Financial Group increased its stake in International Business Machines by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after purchasing an additional 121 shares in the last quarter. Argus Investors Counsel Inc. increased its stake in International Business Machines by 10.9% in the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 2,651 shares in the last quarter. Finally, SOL Capital Management CO increased its stake in International Business Machines by 0.6% in the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 45 shares in the last quarter. 57.26% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on IBM shares. Vetr raised International Business Machines from a “hold” rating to a “buy” rating and set a $150.93 price objective for the company in a research note on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price target on shares of International Business Machines in a research report on Friday, October 6th. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Drexel Hamilton reissued a “buy” rating and set a $200.00 price target on shares of International Business Machines in a research report on Tuesday, October 17th. Finally, Pivotal Research assumed coverage on International Business Machines in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 price target for the company. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $159.24.

Shares of International Business Machines Corporation (NYSE:IBM) traded up $0.60 on Tuesday, hitting $155.41. The company’s stock had a trading volume of 4,102,700 shares, compared to its average volume of 4,254,330. The firm has a market capitalization of $143,321.77, a PE ratio of 11.33, a PEG ratio of 2.27 and a beta of 0.94. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. 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 (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Zacks’ 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%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. analysts predict that International Business Machines Corporation will post 13.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Thursday, November 9th. International Business Machines’s payout ratio is 50.13%.

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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.

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

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