Asset Management Advisors LLC Acquires 5,312 Shares of International Business Machines Corporation (IBM)

Asset Management Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,816 shares of the technology company’s stock after purchasing an additional 5,312 shares during the quarter. International Business Machines makes up 7.4% of Asset Management Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Asset Management Advisors LLC’s holdings in International Business Machines were worth $8,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Harbour Capital Advisors LLC boosted its position in shares of International Business Machines by 14,730.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock valued at $3,143,000 after purchasing an additional 480,228 shares during the period. Bank of Nova Scotia boosted its position in shares of International Business Machines by 668.8% in the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock valued at $85,677,000 after purchasing an additional 428,011 shares during the period. AQR Capital Management LLC boosted its position in shares of International Business Machines by 31.9% in the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock valued at $266,651,000 after purchasing an additional 370,700 shares during the period. Schroder Investment Management Group boosted its position in shares of International Business Machines by 14.9% in the 2nd quarter. Schroder Investment Management Group now owns 2,792,290 shares of the technology company’s stock valued at $430,376,000 after purchasing an additional 362,026 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of International Business Machines by 116.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock valued at $76,967,000 after purchasing an additional 269,379 shares during the period. 57.26% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on IBM. Wedbush reissued a “neutral” rating and issued a $155.00 target price on shares of International Business Machines in a research report on Wednesday, August 9th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 target price on shares of International Business Machines in a research report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and issued a $192.00 target price on shares of International Business Machines in a research report on Wednesday, August 23rd. Vetr cut International Business Machines from a “buy” rating to a “hold” rating and set a $146.52 target price for the company. in a research report on Tuesday, August 22nd. Finally, ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $159.12.

Shares of International Business Machines Corporation (NYSE:IBM) traded down $0.77 during mid-day trading on Wednesday, hitting $154.58. The stock had a trading volume of 748,324 shares, compared to its average volume of 4,263,785. The stock has a market cap of $144,849.33, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 EPS. analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is 50.13%.

ILLEGAL ACTIVITY NOTICE: “Asset Management Advisors LLC Acquires 5,312 Shares of International Business Machines Corporation (IBM)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/12/06/asset-management-advisors-llc-acquires-5312-shares-of-international-business-machines-corporation-ibm.html.

About International Business Machines

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply