International Business Machines Corp. (IBM) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its position in International Business Machines Corp. (NYSE:IBM) by 6.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137,350 shares of the technology company’s stock after purchasing an additional 67,661 shares during the period. Great West Life Assurance Co. Can owned about 0.12% of International Business Machines worth $165,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of International Business Machines by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after purchasing an additional 134,862 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of International Business Machines by 14.1% during the third quarter. Nordea Investment Management AB now owns 3,708,439 shares of the technology company’s stock worth $538,020,000 after purchasing an additional 458,392 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of International Business Machines by 2.9% during the second quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock worth $543,786,000 after purchasing an additional 100,700 shares during the last quarter. 57.08% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corp. (IBM) opened at $151.40 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $138,415.08, a PE ratio of 24.78, a P/E/G ratio of 2.19 and a beta of 0.94. 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 announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. International Business Machines’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $5.01 earnings per share. equities analysts anticipate that International Business Machines Corp. will post 13.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 98.20%.

In other news, Director Frederick H. Waddell acquired 610 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald restated a “hold” rating and set a $152.00 price objective on shares of International Business Machines in a report on Friday, January 19th. Zacks Investment Research cut International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. set a $167.00 target price on International Business Machines and gave the company a “neutral” rating in a report on Friday, January 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $170.00 target price (up previously from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. Finally, Citigroup lifted their target price on International Business Machines from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. International Business Machines has a consensus 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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