Hanson McClain Inc. Boosts Position in International Business Machines Corporation (IBM)

Hanson McClain Inc. boosted its stake in International Business Machines Corporation (NYSE:IBM) by 22.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,506 shares of the technology company’s stock after acquiring an additional 2,307 shares during the quarter. International Business Machines Corporation accounts for 0.2% of Hanson McClain Inc.’s portfolio, making the stock its 21st largest position. Hanson McClain Inc.’s holdings in International Business Machines Corporation were worth $1,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBM. Herndon Capital Management LLC lifted its position in International Business Machines Corporation by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its position in International Business Machines Corporation by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares in the last quarter. Peddock Capital Advisors LLC lifted its position in International Business Machines Corporation by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares in the last quarter. Horan Securities Inc. lifted its position in International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in International Business Machines Corporation by 85.1% in the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after acquiring an additional 441 shares in the last quarter. 58.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (NYSE IBM) opened at $149.16 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The stock has a market cap of $139,146.45, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. 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 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. equities research analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

International Business Machines Corporation announced that its Board of Directors has authorized a share buyback program on Tuesday, October 31st that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

IBM has been the topic of several research reports. UBS AG reaffirmed a “neutral” rating and issued a $160.00 price objective (up from $152.00) on shares of International Business Machines Corporation in a research report on Wednesday, October 18th. Credit Suisse Group reiterated an “underperform” rating and issued a $110.00 price target (down from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. Jefferies Group LLC reiterated a “sell” rating and issued a $125.00 price target on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price target on the stock. in a research note on Monday, July 24th. Finally, Berenberg Bank reiterated a “sell” rating and issued a $125.00 price target on shares of International Business Machines Corporation in a research note on Friday, July 21st. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $158.90.

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About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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