International Business Machines Co. (NYSE:IBM) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC grew its stake in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,555 shares of the technology company’s stock after acquiring an additional 1,138 shares during the quarter. Gateway Investment Advisers LLC’s holdings in International Business Machines were worth $2,055,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Cibc World Market Inc. increased its position in International Business Machines by 3.1% during the 1st quarter. Cibc World Market Inc. now owns 329,303 shares of the technology company’s stock worth $42,816,000 after purchasing an additional 9,996 shares in the last quarter. Capital Asset Advisory Services LLC increased its position in International Business Machines by 24.2% during the 1st quarter. Capital Asset Advisory Services LLC now owns 5,044 shares of the technology company’s stock worth $656,000 after purchasing an additional 982 shares in the last quarter. Callahan Advisors LLC increased its position in International Business Machines by 37.7% during the 1st quarter. Callahan Advisors LLC now owns 2,906 shares of the technology company’s stock worth $378,000 after purchasing an additional 796 shares in the last quarter. Graypoint LLC increased its position in International Business Machines by 47.9% during the 1st quarter. Graypoint LLC now owns 3,471 shares of the technology company’s stock worth $451,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Sigma Planning Corp increased its position in International Business Machines by 6.3% during the 1st quarter. Sigma Planning Corp now owns 34,338 shares of the technology company’s stock worth $4,465,000 after purchasing an additional 2,027 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Insider Transactions at International Business Machines

In related news, Director David N. Farr acquired 1,000 shares of International Business Machines stock in a transaction that occurred on Thursday, September 15th. The stock was acquired at an average price of $125.00 per share, for a total transaction of $125,000.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $125,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $125.31 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.82 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $113.18 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. International Business Machines Co. has a twelve month low of $114.56 and a twelve month high of $146.00. The business has a 50 day simple moving average of $130.85 and a 200-day simple moving average of $132.93.

International Business Machines (NYSE:IBMGet Rating) last issued its earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.02. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The company had revenue of $15.54 billion for the quarter, compared to analysts’ expectations of $15.18 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that International Business Machines Co. will post 9.39 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend was Tuesday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 107.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IBM shares. Societe Generale dropped their target price on shares of International Business Machines to $129.00 in a research report on Tuesday, September 13th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. BMO Capital Markets decreased their price target on International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. Morgan Stanley decreased their price target on International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Finally, Credit Suisse Group upped their price target on International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $145.18.

International Business Machines Profile

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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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