International Business Machines Co. (NYSE:IBM) Holdings Boosted by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. boosted its position in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,812 shares of the technology company’s stock after purchasing an additional 1,157 shares during the period. International Business Machines accounts for 1.9% of Steigerwald Gordon & Koch Inc.’s investment portfolio, making the stock its 24th biggest holding. Steigerwald Gordon & Koch Inc.’s holdings in International Business Machines were worth $10,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Renaissance Technologies LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $4,691,000. Gabelli Funds LLC grew its holdings in shares of International Business Machines by 7.2% during the 4th quarter. Gabelli Funds LLC now owns 35,800 shares of the technology company’s stock valued at $4,785,000 after acquiring an additional 2,400 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of International Business Machines by 10.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 4,149 shares of the technology company’s stock valued at $555,000 after acquiring an additional 400 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of International Business Machines by 13.7% during the 4th quarter. Mutual Advisors LLC now owns 19,240 shares of the technology company’s stock valued at $2,572,000 after acquiring an additional 2,313 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of International Business Machines by 3.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 127,579 shares of the technology company’s stock valued at $17,052,000 after acquiring an additional 4,181 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of IBM traded up $0.96 during trading hours on Thursday, reaching $125.89. 97,158 shares of the company traded hands, compared to its average volume of 3,539,892. The stock’s fifty day moving average is $131.13 and its 200 day moving average is $132.93. The stock has a market cap of $113.70 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.82 and a current ratio of 0.88. International Business Machines Co. has a 1-year low of $114.56 and a 1-year high of $146.00.

International Business Machines (NYSE:IBMGet Rating) last announced its quarterly earnings data on Monday, July 18th. The technology company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.02. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The business had revenue of $15.54 billion during the quarter, compared to analyst estimates of $15.18 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 9.39 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were given a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Tuesday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 107.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IBM shares. Societe Generale decreased their price objective on shares of International Business Machines to $129.00 in a report on Tuesday, September 13th. BMO Capital Markets decreased their price objective on shares of International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Morgan Stanley cut their target price on shares of International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Finally, Credit Suisse Group boosted their target price on shares of International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $145.18.

Insider Buying and Selling

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average price of $125.00 per share, with a total value of $125,000.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $125,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

About International Business Machines

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

See Also

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

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