Crawford Investment Counsel Inc. Buys 106 Shares of International Business Machines Corporation (IBM)

Crawford Investment Counsel Inc. lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,195 shares of the technology company’s stock after acquiring an additional 106 shares during the period. Crawford Investment Counsel Inc.’s holdings in International Business Machines Corporation were worth $3,691,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in shares of International Business Machines Corporation by 70.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after acquiring an additional 267,588 shares during the period. British Airways Pensions Investment Management Ltd purchased a new position in shares of International Business Machines Corporation during the first quarter worth approximately $23,149,000. Parnassus Investments CA increased its position in shares of International Business Machines Corporation by 12.4% during the first quarter. Parnassus Investments CA now owns 1,135,000 shares of the technology company’s stock worth $197,649,000 after acquiring an additional 125,000 shares during the period. ING Groep NV increased its position in shares of International Business Machines Corporation by 4,198.4% during the first quarter. ING Groep NV now owns 114,853 shares of the technology company’s stock worth $20,001,000 after acquiring an additional 112,181 shares during the period. Finally, Bank of Montreal Can increased its position in shares of International Business Machines Corporation by 11.0% during the first quarter. Bank of Montreal Can now owns 955,721 shares of the technology company’s stock worth $166,430,000 after acquiring an additional 94,939 shares during the period. 57.94% of the stock is owned by hedge funds and other institutional investors.

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IBM has been the topic of several research reports. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. UBS AG restated a “hold” rating and set a $152.00 target price on shares of International Business Machines Corporation in a research report on Tuesday, September 5th. Morgan Stanley restated an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 target price for the company in a research report on Monday, July 31st. Finally, Drexel Hamilton restated a “buy” rating and set a $200.00 target price on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. International Business Machines Corporation currently has an average rating of “Hold” and a consensus price target of $157.12.

Shares of International Business Machines Corporation (IBM) traded down 0.49% during mid-day trading on Friday, reaching $144.82. 7,397,233 shares of the company were exchanged. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The company’s 50-day moving average is $143.19 and its 200 day moving average is $156.45. The firm has a market capitalization of $134.96 billion, a price-to-earnings ratio of 12.02 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 for the quarter, beating 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 business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the previous year, the business posted $2.95 EPS. International Business Machines Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post $13.76 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

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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