Ray Gerald L & Associates Ltd. Purchases 1,919 Shares of International Business Machines Corporation (NYSE:IBM)

Ray Gerald L & Associates Ltd. increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,648 shares of the technology company’s stock after acquiring an additional 1,919 shares during the quarter. International Business Machines comprises approximately 0.8% of Ray Gerald L & Associates Ltd.’s investment portfolio, making the stock its 29th biggest holding. Ray Gerald L & Associates Ltd.’s holdings in International Business Machines were worth $5,946,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IBM. SeaBridge Investment Advisors LLC lifted its position in shares of International Business Machines by 18.9% in the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after purchasing an additional 12,236 shares in the last quarter. Intellectus Partners LLC increased its holdings in International Business Machines by 9.8% during the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after buying an additional 1,496 shares during the last quarter. CKW Financial Group increased its holdings in International Business Machines by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the last quarter. Argus Investors Counsel Inc. increased its holdings in International Business Machines by 10.9% during the second quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after buying an additional 2,651 shares during the last quarter. Finally, SOL Capital Management CO increased its holdings in International Business Machines by 0.6% during the second quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after buying an additional 45 shares during the last quarter. 57.26% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE IBM) traded up $1.70 during mid-day trading on Monday, hitting $156.46. 4,664,316 shares of the stock were exchanged, compared to its average volume of 4,260,331. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The company has a market capitalization of $144,850.00, a PE ratio of 11.33, a P/E/G ratio of 2.27 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the prior year, the firm posted $3.29 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. sell-side analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio is currently 50.08%.

Several equities analysts have commented on IBM shares. Vetr upgraded shares of International Business Machines 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. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines in a report on Friday, October 6th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Drexel Hamilton restated a “buy” rating and issued a $200.00 price target on shares of International Business Machines in a research note on Tuesday, October 17th. Finally, Pivotal Research assumed coverage on shares of International Business Machines in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective for the company. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $159.12.

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International Business Machines 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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