Janney Montgomery Scott LLC raised its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 258,656 shares of the technology company’s stock after buying an additional 7,142 shares during the quarter. Janney Montgomery Scott LLC’s holdings in International Business Machines were worth $37,526,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC acquired a new position in shares of International Business Machines in the third quarter valued at $447,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of International Business Machines by 6.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,457 shares of the technology company’s stock valued at $22,137,000 after purchasing an additional 8,698 shares in the last quarter. Kalos Management Inc. raised its stake in shares of International Business Machines by 10.8% in the third quarter. Kalos Management Inc. now owns 16,920 shares of the technology company’s stock valued at $2,454,000 after purchasing an additional 1,656 shares in the last quarter. Cedar Hill Associates LLC acquired a new position in shares of International Business Machines in the third quarter valued at $264,000. Finally, Greytown Advisors Inc. raised its stake in shares of International Business Machines by 63.6% in the third quarter. Greytown Advisors Inc. now owns 5,231 shares of the technology company’s stock valued at $759,000 after purchasing an additional 2,034 shares in the last quarter. Institutional investors own 57.08% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $149.51 on Monday. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79. The firm has a market capitalization of $138,415.08, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same period in the prior year, the business posted $5.01 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. equities research analysts anticipate that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 98.20%.

A number of research analysts recently commented on IBM shares. Stifel Nicolaus restated a “buy” rating and issued a $182.00 target price on shares of International Business Machines in a research note on Wednesday, October 18th. Drexel Hamilton restated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a research note on Tuesday, October 17th. Vetr upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 target price for the company in a research note on Tuesday, October 24th. Pivotal Research started coverage on International Business Machines in a research note on Friday, October 27th. They issued a “buy” rating and a $180.00 target price for the company. Finally, Tigress Financial restated a “buy” rating on shares of International Business Machines in a research note on Friday, December 1st. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $164.37.

In other International Business Machines news, Director Frederick H. Waddell bought 610 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were bought at an average price of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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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.

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

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