International Business Machines Co. (NYSE:IBM) Shares Bought by Hatton Consulting Inc.

Hatton Consulting Inc. increased its stake in International Business Machines Co. (NYSE:IBM) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,428 shares of the technology company’s stock after acquiring an additional 178 shares during the period. International Business Machines makes up 0.4% of Hatton Consulting Inc.’s investment portfolio, making the stock its 28th largest position. Hatton Consulting Inc.’s holdings in International Business Machines were worth $476,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Calamos Advisors LLC boosted its position in shares of International Business Machines by 29.4% in the second quarter. Calamos Advisors LLC now owns 127,933 shares of the technology company’s stock worth $18,754,000 after acquiring an additional 29,098 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of International Business Machines by 2.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 37,182 shares of the technology company’s stock worth $5,451,000 after acquiring an additional 726 shares during the last quarter. Albion Financial Group UT acquired a new stake in shares of International Business Machines in the second quarter worth approximately $5,085,000. Goelzer Investment Management Inc. boosted its position in shares of International Business Machines by 4.4% in the second quarter. Goelzer Investment Management Inc. now owns 41,902 shares of the technology company’s stock worth $6,142,000 after acquiring an additional 1,782 shares during the last quarter. Finally, Clifford Capital Partners LLC boosted its position in shares of International Business Machines by 5.2% in the second quarter. Clifford Capital Partners LLC now owns 21,234 shares of the technology company’s stock worth $3,113,000 after acquiring an additional 1,056 shares during the last quarter. 55.18% of the stock is currently owned by institutional investors and hedge funds.

IBM opened at $116.73 on Thursday. The firm has a market capitalization of $104.63 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.88 and a beta of 1.11. The firm’s 50 day moving average is $131.04 and its 200-day moving average is $138.59. International Business Machines Co. has a 52-week low of $115.19 and a 52-week high of $152.84. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 2.10.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 19th. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.02. The company had revenue of $17.62 billion for the quarter, compared to analyst estimates of $17.81 billion. International Business Machines had a net margin of 6.40% and a return on equity of 36.23%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. Equities analysts expect that International Business Machines Co. will post 10.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Stockholders of record on Wednesday, November 10th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Tuesday, November 9th. International Business Machines’s payout ratio is currently 124.01%.

IBM has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of International Business Machines in a report on Friday, October 29th. They issued an “outperform” rating and a $172.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of International Business Machines in a report on Friday, October 1st. They issued a “buy” rating and a $170.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $157.43.

International Business Machines Company Profile

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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