International Business Machines Corporation (IBM) Position Boosted by Strategic Financial Group LLC

Strategic Financial Group LLC boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,729 shares of the technology company’s stock after buying an additional 105 shares during the period. Strategic Financial Group LLC’s holdings in International Business Machines Corporation were worth $998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intact Investment Management Inc. raised its position in shares of International Business Machines Corporation by 0.3% in the fourth quarter. Intact Investment Management Inc. now owns 109,750 shares of the technology company’s stock worth $18,217,000 after buying an additional 300 shares in the last quarter. Scotia Capital Inc. raised its position in shares of International Business Machines Corporation by 14.8% in the fourth quarter. Scotia Capital Inc. now owns 78,637 shares of the technology company’s stock worth $13,058,000 after buying an additional 10,130 shares in the last quarter. AMF Pensionsforsakring AB raised its position in shares of International Business Machines Corporation by 186.6% in the fourth quarter. AMF Pensionsforsakring AB now owns 745,277 shares of the technology company’s stock worth $123,709,000 after buying an additional 485,195 shares in the last quarter. Guardian Capital Advisors LP raised its position in shares of International Business Machines Corporation by 0.4% in the fourth quarter. Guardian Capital Advisors LP now owns 18,398 shares of the technology company’s stock worth $3,104,000 after buying an additional 71 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI raised its position in shares of International Business Machines Corporation by 5.2% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 153,738 shares of the technology company’s stock worth $25,519,000 after buying an additional 7,585 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE IBM) traded down 0.71% during trading on Friday, reaching $139.70. The company’s stock had a trading volume of 4,152,714 shares. The firm has a 50 day moving average of $147.30 and a 200 day moving average of $161.22. The stock 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 52 week low of $139.58 and a 52 week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. The firm 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%. International Business Machines Corporation’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.95 earnings per share. Analysts expect that International Business Machines Corporation will post $13.77 EPS 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 issued a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.29%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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Several research firms recently commented on IBM. Zacks Investment Research lowered International Business Machines Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 21st. TheStreet lowered International Business Machines Corporation to a “hold” rating in a report on Friday, April 21st. Wells Fargo & Company reaffirmed a “market perform” rating and set a $162.50 target price on shares of International Business Machines Corporation in a report on Tuesday, April 25th. Barclays PLC reiterated an “underweight” rating and set a $141.00 price target (down previously from $144.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Finally, 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. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $157.40.

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.

Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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