Atlas Brown Inc. Has $1.63 Million Stake in International Business Machines Corporation (IBM)

Atlas Brown Inc. decreased its position in International Business Machines Corporation (NYSE:IBM) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,609 shares of the technology company’s stock after selling 359 shares during the period. International Business Machines Corporation makes up 1.4% of Atlas Brown Inc.’s portfolio, making the stock its 20th largest position. Atlas Brown Inc.’s holdings in International Business Machines Corporation were worth $1,632,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Pinnacle Bank bought a new stake in shares of International Business Machines Corporation during the first quarter worth about $1,416,000. HighPoint Advisor Group LLC boosted its stake in shares of International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock worth $3,848,000 after buying an additional 2,209 shares during the period. Nadler Financial Group Inc. boosted its stake in shares of International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock worth $452,000 after buying an additional 320 shares during the period. NewSquare Capital LLC boosted its stake in shares of International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock worth $1,132,000 after buying an additional 782 shares during the period. Finally, First Command Financial Services Inc. boosted its stake in shares of International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock worth $1,196,000 after buying an additional 389 shares during the period. 58.57% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE:IBM) traded down 0.71% on Friday, hitting $139.70. The stock had a trading volume of 4,152,714 shares. The stock’s 50-day moving average is $147.30 and its 200 day moving average is $161.22. The firm has a market capitalization of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. International Business Machines Corporation has a 1-year low of $139.58 and a 1-year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.95 earnings per share. On average, equities research analysts predict that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.29%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

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A number of brokerages have weighed in on IBM. Jefferies Group LLC set a $135.00 target price on International Business Machines Corporation and gave the stock a “sell” rating in a research note on Friday, May 19th. Drexel Hamilton restated a “buy” rating and issued a $200.00 target price (down from $215.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Stifel Nicolaus restated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. TheStreet lowered International Business Machines Corporation to a “hold” rating in a research note on Friday, April 21st. Finally, Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price on the stock in a research note on Monday, July 3rd. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $157.40.

International Business Machines Corporation Company 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 Corporation (NYSE:IBM)

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