Golub Group LLC Has $1.18 Million Stake in International Business Machines Corp. (IBM)

Golub Group LLC boosted its stake in shares of International Business Machines Corp. (NYSE:IBM) by 14.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,100 shares of the technology company’s stock after purchasing an additional 1,014 shares during the period. Golub Group LLC’s holdings in International Business Machines were worth $1,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Herndon Capital Management LLC lifted its stake in International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares during the last quarter. Edge Wealth Management LLC lifted its stake in International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the last quarter. ETF Managers Group LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $121,000. Peddock Capital Advisors LLC lifted its stake in International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the last quarter. Finally, Horan Securities Inc. lifted its stake in International Business Machines by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares during the last quarter. 57.36% of the stock is currently owned by hedge funds and other institutional investors.

IBM has been the subject of a number of analyst reports. Stifel Nicolaus reiterated 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 reiterated 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 shares of 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 initiated coverage on shares of 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 investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. International Business Machines presently has an average rating of “Hold” and an average price target of $164.37.

International Business Machines Corp. (IBM) traded down $3.37 during trading hours on Friday, reaching $159.03. 5,251,573 shares of the company traded hands, compared to its average volume of 5,840,000. The firm has a market cap of $147,230.00, a PE ratio of 26.03, a P/E/G ratio of 2.39 and a beta of 0.94. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25.

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

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.77%. The ex-dividend date is Thursday, February 8th. International Business Machines’s payout ratio is currently 98.20%.

In related news, Director Frederick H. Waddell bought 610 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

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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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