Airain ltd Takes $11 Million Position in International Business Machines Corporation (IBM)

Airain ltd acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 71,521 shares of the technology company’s stock, valued at approximately $11,002,000.

Other hedge funds have also added to or reduced their stakes in the company. USS Investment Management Ltd boosted its holdings in International Business Machines Corporation by 6.6% during the second quarter. USS Investment Management Ltd now owns 127,800 shares of the technology company’s stock worth $19,667,000 after buying an additional 7,900 shares in the last quarter. Andra AP fonden boosted its holdings in International Business Machines Corporation by 0.8% during the second quarter. Andra AP fonden now owns 99,099 shares of the technology company’s stock worth $15,244,000 after buying an additional 799 shares in the last quarter. Willingdon Wealth Management boosted its holdings in International Business Machines Corporation by 150.7% during the second quarter. Willingdon Wealth Management now owns 8,039 shares of the technology company’s stock worth $1,237,000 after buying an additional 4,833 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in International Business Machines Corporation by 22.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 183,147 shares of the technology company’s stock worth $28,175,000 after buying an additional 33,848 shares in the last quarter. Finally, Sfmg LLC boosted its holdings in International Business Machines Corporation by 5.6% during the second quarter. Sfmg LLC now owns 1,301 shares of the technology company’s stock worth $200,000 after buying an additional 69 shares in the last quarter. 58.25% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $154.00 price objective on shares of International Business Machines Corporation in a report on Friday, October 13th. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Goldman Sachs Group, Inc. (The) set a $170.00 price objective on shares of International Business Machines Corporation and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, ValuEngine downgraded shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $158.90.

International Business Machines Corporation (NYSE IBM) opened at $148.40 on Tuesday. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. 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 $138,091.06, a P/E ratio of 10.92, a P/E/G ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter last year, the company earned $3.29 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. equities research analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

International Business Machines Corporation announced that its board has authorized a share repurchase program on Tuesday, October 31st that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 4.04%. International Business Machines Corporation’s payout ratio is currently 50.13%.

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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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