Stanley Laman Group Ltd. lifted its position in IBM (NYSE:IBM) by 333.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,689 shares of the technology company’s stock after purchasing an additional 15,146 shares during the period. Stanley Laman Group Ltd.’s holdings in IBM were worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of IBM. Check Capital Management Inc. CA raised its holdings in shares of IBM by 2.7% in the 1st quarter. Check Capital Management Inc. CA now owns 245,602 shares of the technology company’s stock valued at $37,683,000 after purchasing an additional 6,471 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in IBM by 4.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 458,898 shares of the technology company’s stock valued at $70,408,000 after acquiring an additional 18,642 shares during the period. Green Square Capital LLC acquired a new stake in IBM during the 4th quarter valued at approximately $374,000. Cambridge Investment Research Advisors Inc. lifted its stake in IBM by 0.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 119,940 shares of the technology company’s stock valued at $18,401,000 after acquiring an additional 886 shares during the period. Finally, Certified Advisory Corp acquired a new stake in IBM during the 4th quarter valued at approximately $170,000. 56.85% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on IBM shares. Societe Generale set a $149.00 target price on shares of IBM and gave the stock a “sell” rating in a report on Friday, January 19th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $152.00 target price on shares of IBM in a research note on Friday, January 19th. Morgan Stanley increased their price target on shares of IBM to $198.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Zacks Investment Research cut shares of IBM from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, Bank of America reaffirmed a “buy” rating and issued a $200.00 target price on shares of IBM in a report on Friday, January 19th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company’s stock. IBM presently has an average rating of “Hold” and a consensus price target of $166.90.
IBM (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 17th. The technology company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.42 by $0.03. The business had revenue of $19.07 billion for the quarter, compared to analyst estimates of $18.80 billion. IBM had a return on equity of 69.71% and a net margin of 7.10%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. equities analysts expect that IBM will post 13.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 9th. Stockholders of record on Thursday, May 10th will be paid a $1.57 dividend. This is a boost from IBM’s previous quarterly dividend of $1.50. The ex-dividend date is Wednesday, May 9th. This represents a $6.28 annualized dividend and a dividend yield of 4.35%. IBM’s dividend payout ratio is presently 45.51%.
In related news, insider Diane J. Gherson sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total transaction of $780,000.00. Following the completion of the transaction, the insider now owns 20,581 shares of the company’s stock, valued at $3,210,636. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Erich Clementi sold 13,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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