International Business Machines Corp. (NYSE:IBM) Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of International Business Machines Corp. (NYSE:IBM) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,071 shares of the technology company’s stock after purchasing an additional 10,148 shares during the period. Envestnet Asset Management Inc.’s holdings in International Business Machines were worth $18,289,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IBM. Private Capital Management Inc. raised its position in shares of International Business Machines by 71.3% in the 3rd quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock worth $497,000 after acquiring an additional 1,425 shares in the last quarter. Convergence Investment Partners LLC raised its position in shares of International Business Machines by 3.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 16,170 shares of the technology company’s stock worth $2,488,000 after acquiring an additional 504 shares in the last quarter. Hourglass Capital LLC raised its position in shares of International Business Machines by 83.5% in the 2nd quarter. Hourglass Capital LLC now owns 51,680 shares of the technology company’s stock worth $7,950,000 after acquiring an additional 23,510 shares in the last quarter. Flippin Bruce & Porter Inc. raised its position in shares of International Business Machines by 6.2% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 85,378 shares of the technology company’s stock worth $13,134,000 after acquiring an additional 4,956 shares in the last quarter. Finally, Intl Fcstone Inc. bought a new position in shares of International Business Machines in the 2nd quarter worth about $1,116,000. 57.08% of the stock is owned by institutional investors and hedge funds.

In other news, Director Frederick H. Waddell bought 610 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were purchased at an average price of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

International Business Machines Corp. (NYSE:IBM) traded down $1.17 during mid-day trading on Tuesday, reaching $150.23. The company’s stock had a trading volume of 1,359,801 shares, compared to its average volume of 6,711,204. The firm has a market cap of $139,050.00, a P/E ratio of 24.58, a P/E/G ratio of 2.19 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same quarter in the previous year, the business earned $5.01 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. equities research analysts expect that International Business Machines Corp. will post 13.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.99%. International Business Machines’s dividend payout ratio is currently 98.20%.

Several analysts have recently commented on IBM shares. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Drexel Hamilton restated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a research note on Tuesday, October 17th. BMO Capital Markets restated a “market perform” rating and issued a $170.00 target price (up from $167.00) on shares of International Business Machines in a research note on Wednesday, October 18th. UBS Group restated a “neutral” rating and issued a $160.00 target price (up from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Finally, Citigroup raised their target price on International Business Machines from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $164.37.

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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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