Clear Harbor Asset Management LLC Has $445,000 Position in International Business Machines Corporation (NYSE:IBM)

Clear Harbor Asset Management LLC grew its position in International Business Machines Corporation (NYSE:IBM) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,898 shares of the technology company’s stock after purchasing an additional 2 shares during the period. Clear Harbor Asset Management LLC’s holdings in International Business Machines Corporation were worth $445,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. K.J. Harrison & Partners Inc increased its holdings in shares of International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after purchasing an additional 7 shares during the period. Arthur M. Cohen & Associates LLC increased its holdings in shares of International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after purchasing an additional 7 shares during the period. Financial & Investment Management Group Ltd. increased its holdings in shares of International Business Machines Corporation by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock valued at $341,000 after purchasing an additional 12 shares during the period. Gilbert & Cook Inc. increased its holdings in shares of International Business Machines Corporation by 0.6% in the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after purchasing an additional 12 shares during the period. Finally, BSW Wealth Partners increased its holdings in shares of International Business Machines Corporation by 0.4% in the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after purchasing an additional 14 shares during the period. 57.87% of the stock is currently owned by institutional investors and hedge funds.

IBM has been the topic of several analyst reports. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Cleveland Research initiated coverage on International Business Machines Corporation in a report on Thursday, June 22nd. They set a “neutral” rating on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and set a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Argus reaffirmed a “buy” rating and set a $175.00 target price (down from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Finally, UBS AG reaffirmed a “neutral” rating and set a $159.00 target price (down from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corporation currently has an average rating of “Hold” and an average price target of $157.12.

International Business Machines Corporation (IBM) opened at 145.13 on Friday. The company’s 50-day moving average price is $143.19 and its 200 day moving average price is $155.58. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The firm has a market capitalization of $135.25 billion, a PE ratio of 12.04 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter in the previous year, the business earned $2.95 EPS. International Business Machines Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Corporation will post $13.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is presently 49.88%.

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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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