SRS Capital Advisors Inc. Acquires 230 Shares of International Business Machines Corporation (NYSE:IBM)

SRS Capital Advisors Inc. increased its holdings in International Business Machines Corporation (NYSE:IBM) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,229 shares of the technology company’s stock after acquiring an additional 230 shares during the period. SRS Capital Advisors Inc.’s holdings in International Business Machines Corporation were worth $388,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of International Business Machines Corporation by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock valued at $473,649,000 after acquiring an additional 34,936 shares in the last quarter. LSV Asset Management grew its holdings in shares of International Business Machines Corporation by 2.3% in the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after acquiring an additional 59,030 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of International Business Machines Corporation by 0.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,917,559 shares of the technology company’s stock valued at $333,924,000 after acquiring an additional 13,592 shares in the last quarter. Thomaspartners Inc. grew its holdings in shares of International Business Machines Corporation by 7.6% in the first quarter. Thomaspartners Inc. now owns 1,691,815 shares of the technology company’s stock valued at $294,613,000 after acquiring an additional 119,957 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of International Business Machines Corporation by 1.1% in the first quarter. Rhumbline Advisers now owns 1,514,893 shares of the technology company’s stock valued at $263,803,000 after acquiring an additional 16,827 shares in the last quarter. 57.87% of the stock is owned by institutional investors.

International Business Machines Corporation (IBM) opened at 145.13 on Friday. The company has a market capitalization of $135.25 billion, a PE ratio of 12.04 and a beta of 0.97. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock’s 50 day moving average price is $143.19 and its 200-day moving average price is $155.58.

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

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders 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 4.13%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is 49.88%.

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Several equities analysts have recently issued reports on IBM shares. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 target price for the company in a report on Wednesday, June 7th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, June 9th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Cleveland Research began coverage on International Business Machines Corporation in a report on Thursday, June 22nd. They set a “neutral” rating for the company. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $165.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $157.12.

About International Business Machines Corporation

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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