HGK Asset Management Inc. purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 74,717 shares of the technology company’s stock, valued at approximately $11,494,000.

A number of other large investors also recently added to or reduced their stakes in IBM. Harbour Capital Advisors LLC raised its holdings in International Business Machines by 14,730.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock valued at $3,143,000 after buying an additional 480,228 shares during the period. Bank of Nova Scotia raised its holdings in International Business Machines by 668.8% during the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock valued at $85,677,000 after buying an additional 428,011 shares during the period. AQR Capital Management LLC raised its holdings in International Business Machines by 31.9% during the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock valued at $266,651,000 after buying an additional 370,700 shares during the period. Schroder Investment Management Group raised its holdings in International Business Machines by 14.9% during the 2nd quarter. Schroder Investment Management Group now owns 2,792,290 shares of the technology company’s stock valued at $430,376,000 after buying an additional 362,026 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in International Business Machines by 116.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock valued at $76,967,000 after buying an additional 269,379 shares during the period. Institutional investors own 57.26% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded down $0.77 on Wednesday, hitting $154.58. The stock had a trading volume of 748,324 shares, compared to its average volume of 4,263,785. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The company has a market cap of $144,849.33, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly 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 return on equity of 68.68% and a net margin of 14.43%. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the prior year, the company earned $3.29 EPS. The business’s revenue was down .4% compared to the same quarter last year. equities analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s payout ratio is 50.13%.

A number of analysts have weighed in on IBM shares. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 target price on shares of International Business Machines in a research note on Friday, October 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $160.00 target price on shares of International Business Machines in a research note on Wednesday, November 15th. BidaskClub upgraded International Business Machines from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Goldman Sachs Group set a $170.00 target price on International Business Machines and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $159.12.

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International Business Machines 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 (NYSE:IBM)

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