Knott David M Continues to Hold Position in International Business Machines Corporation (NYSE:IBM)

Knott David M maintained its position in shares of International Business Machines Corporation (NYSE:IBM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,284 shares of the technology company’s stock at the end of the 1st quarter. International Business Machines Corporation accounts for 0.4% of Knott David M’s holdings, making the stock its 27th biggest position. Knott David M’s holdings in International Business Machines Corporation were worth $746,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. K.J. Harrison & Partners Inc lifted its holdings in International Business Machines Corporation by 0.4% in the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after acquiring an additional 7 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its stake in International Business Machines Corporation by 0.5% during the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after buying an additional 7 shares in the last quarter. Financial & Investment Management Group Ltd. lifted its stake in International Business Machines Corporation by 0.6% during the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock valued at $341,000 after buying an additional 12 shares in the last quarter. Hays Advisory LLC lifted its stake in International Business Machines Corporation by 1.1% during the first quarter. Hays Advisory LLC now owns 1,419 shares of the technology company’s stock valued at $247,000 after buying an additional 15 shares in the last quarter. Finally, Gilman Hill Asset Management LLC lifted its stake in International Business Machines Corporation by 0.4% during the first quarter. Gilman Hill Asset Management LLC now owns 3,767 shares of the technology company’s stock valued at $656,000 after buying an additional 15 shares in the last quarter. 57.94% of the stock is owned by institutional investors and hedge funds.

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Shares of International Business Machines Corporation (IBM) traded down 0.78% during mid-day trading on Friday, hitting $144.41. The company had a trading volume of 2,497,362 shares. The company has a market capitalization of $134.58 billion, a PE ratio of 11.99 and a beta of 0.97. The company’s 50-day moving average is $143.20 and its 200 day moving average is $156.70. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm 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 company posted $2.95 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were issued a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.12%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

A number of equities analysts have recently weighed in on the company. UBS AG reiterated a “hold” rating and issued a $152.00 target price on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.93 price objective on the stock in a report on Thursday, August 24th. Morgan Stanley restated an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $160.00 price objective on shares of International Business Machines Corporation in a report on Friday, August 18th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $157.12.

International Business Machines Corporation 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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