One Capital Management LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,196 shares of the technology company’s stock after buying an additional 265 shares during the period. One Capital Management LLC’s holdings in International Business Machines Corporation were worth $382,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of International Business Machines Corporation during the fourth quarter valued at about $1,366,710,000. Teachers Advisors LLC boosted its position in shares of International Business Machines Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 1,448,292 shares of the technology company’s stock valued at $240,402,000 after buying an additional 41,279 shares in the last quarter. Credit Agricole S A boosted its position in shares of International Business Machines Corporation by 15.9% in the fourth quarter. Credit Agricole S A now owns 1,306,073 shares of the technology company’s stock valued at $216,798,000 after buying an additional 179,057 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of International Business Machines Corporation by 6.3% in the fourth quarter. AQR Capital Management LLC now owns 1,160,543 shares of the technology company’s stock valued at $192,638,000 after buying an additional 68,838 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of International Business Machines Corporation by 11.0% in the first quarter. Bank of Montreal Can now owns 955,721 shares of the technology company’s stock valued at $166,430,000 after buying an additional 94,939 shares in the last quarter. 58.18% of the stock is owned by hedge funds and other institutional investors.
International Business Machines Corporation (NYSE:IBM) opened at 144.29 on Friday. The company’s 50-day moving average is $152.32 and its 200 day moving average is $164.21. International Business Machines Corporation has a 1-year low of $143.64 and a 1-year high of $182.79. The stock has a market capitalization of $134.90 billion, a PE ratio of 11.98 and a beta of 0.98.
International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.95 earnings per share. Equities analysts predict that International Business Machines Corporation will post $13.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.16%. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.
IBM has been the topic of several research analyst reports. Jefferies Group LLC set a $135.00 price target on shares of International Business Machines Corporation and gave the company a “sell” rating in a research report on Friday, May 19th. Drexel Hamilton reiterated a “buy” rating and set a $200.00 price target (down previously from $215.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research report on Friday, July 21st. Bank of America Corporation restated a “buy” rating and issued a $180.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Finally, TheStreet cut shares of International Business Machines Corporation to a “hold” rating in a report on Friday, April 21st. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $157.50.
In other International Business Machines Corporation news, Director James W. Owens purchased 1,718 shares of International Business Machines Corporation stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.
About International Business Machines Corporation
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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