Rhumbline Advisers Boosts Stake in International Business Machines Co. (NYSE:IBM)

Rhumbline Advisers grew its stake in International Business Machines Co. (NYSE:IBMGet Rating) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,551,924 shares of the technology company’s stock after buying an additional 9,929 shares during the period. Rhumbline Advisers owned 0.17% of International Business Machines worth $207,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IBM. Epoch Investment Partners Inc. increased its stake in shares of International Business Machines by 7.8% in the third quarter. Epoch Investment Partners Inc. now owns 1,382,536 shares of the technology company’s stock worth $192,075,000 after acquiring an additional 99,820 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of International Business Machines by 22.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 325,818 shares of the technology company’s stock worth $45,266,000 after acquiring an additional 59,982 shares during the period. TIAA FSB increased its stake in shares of International Business Machines by 13.7% in the fourth quarter. TIAA FSB now owns 115,187 shares of the technology company’s stock worth $15,369,000 after acquiring an additional 13,835 shares during the period. CWM LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth $6,798,000. Finally, Franklin Resources Inc. increased its stake in shares of International Business Machines by 1.8% in the third quarter. Franklin Resources Inc. now owns 4,312,327 shares of the technology company’s stock worth $599,103,000 after acquiring an additional 74,490 shares during the period. 55.22% of the stock is owned by institutional investors and hedge funds.

Shares of IBM traded up $0.70 during midday trading on Friday, hitting $133.60. 4,195,218 shares of the stock were exchanged, compared to its average volume of 6,342,452. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $152.84. The stock has a fifty day simple moving average of $130.56 and a 200 day simple moving average of $128.32. The firm has a market cap of $120.16 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.47 and a beta of 1.01. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.92.

International Business Machines (NYSE:IBMGet Rating) last released its quarterly earnings results on Tuesday, April 19th. The technology company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.77 earnings per share. As a group, equities research analysts forecast that International Business Machines Co. will post 9.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th will be paid a $1.65 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.64. This represents a $6.60 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Monday, May 9th. International Business Machines’s dividend payout ratio (DPR) is presently 108.20%.

Several analysts recently commented on IBM shares. BMO Capital Markets raised their price target on shares of International Business Machines from $148.00 to $152.00 and gave the company a “market perform” rating in a research report on Wednesday, April 20th. Credit Suisse Group raised their price target on shares of International Business Machines from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. StockNews.com started coverage on shares of International Business Machines in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Tigress Financial raised their price target on shares of International Business Machines from $133.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Finally, UBS Group dropped their target price on shares of International Business Machines from $124.00 to $118.00 in a research report on Tuesday, January 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $146.69.

About International Business Machines (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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

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