Diversified Investment Strategies LLC Raises Stake in International Business Machines Corporation (IBM)

Diversified Investment Strategies LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 16.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,884 shares of the technology company’s stock after buying an additional 1,501 shares during the quarter. International Business Machines comprises 1.6% of Diversified Investment Strategies LLC’s portfolio, making the stock its 20th largest position. Diversified Investment Strategies LLC’s holdings in International Business Machines were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CKW Financial Group lifted its position in International Business Machines by 0.3% during the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after purchasing an additional 3 shares during the period. Arthur M. Cohen & Associates LLC raised its position in International Business Machines by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after acquiring an additional 7 shares during the period. Milestone Group Inc. increased its stake in shares of International Business Machines by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after purchasing an additional 8 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of International Business Machines by 0.6% in the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after purchasing an additional 12 shares in the last quarter. Finally, BSW Wealth Partners grew its stake in International Business Machines by 0.4% during the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after acquiring an additional 14 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) traded down $1.25 during trading on Wednesday, reaching $154.10. 3,410,514 shares of the company’s stock traded hands, compared to its average volume of 4,259,958. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The stock has a market capitalization of $144,849.33, a price-to-earnings ratio of 11.45, a P/E/G ratio of 2.29 and a beta of 0.94. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the firm posted $3.29 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. sell-side analysts predict 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. Shareholders of record on Friday, November 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is currently 50.13%.

A number of equities analysts have commented on the stock. Wedbush reissued a “neutral” rating and issued a $155.00 price objective on shares of International Business Machines in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $160.00 target price on shares of International Business Machines in a research report on Friday, August 18th. Oppenheimer reaffirmed a “hold” rating on shares of International Business Machines in a research report on Wednesday, October 18th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $159.12.

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International Business Machines Profile

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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