Rakuten Securities Inc. Has $839,000 Stock Position in International Business Machines Corporation $IBM

Rakuten Securities Inc. increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 168.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,974 shares of the technology company’s stock after buying an additional 1,868 shares during the quarter. Rakuten Securities Inc.’s holdings in International Business Machines were worth $839,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of International Business Machines by 52.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,220 shares of the technology company’s stock worth $344,000 after acquiring an additional 419 shares during the last quarter. Sunbeam Capital Management LLC grew its position in shares of International Business Machines by 4.0% in the 3rd quarter. Sunbeam Capital Management LLC now owns 2,606 shares of the technology company’s stock valued at $735,000 after buying an additional 100 shares during the last quarter. Blalock Williams LLC acquired a new stake in shares of International Business Machines in the third quarter valued at about $383,000. Wealth Effects LLC raised its position in shares of International Business Machines by 6.8% during the third quarter. Wealth Effects LLC now owns 13,542 shares of the technology company’s stock worth $3,821,000 after acquiring an additional 865 shares during the last quarter. Finally, Magnus Financial Group LLC lifted its stake in shares of International Business Machines by 1.9% in the third quarter. Magnus Financial Group LLC now owns 3,510 shares of the technology company’s stock worth $990,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 1.8%

NYSE:IBM opened at $308.61 on Thursday. The firm has a fifty day simple moving average of $303.78 and a two-hundred day simple moving average of $282.32. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The stock has a market capitalization of $288.47 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 2.82 and a beta of 0.70. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period last year, the business posted $2.30 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of International Business Machines from a “hold” rating to a “buy” rating and increased their target price for the company from $300.00 to $360.00 in a research report on Monday, January 5th. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Bank of America upped their price target on shares of International Business Machines from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $303.38.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.