Regentatlantic Capital LLC Grows Holdings in International Business Machines Corp. (IBM)

Regentatlantic Capital LLC raised its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,921 shares of the technology company’s stock after purchasing an additional 1,541 shares during the quarter. Regentatlantic Capital LLC’s holdings in International Business Machines were worth $9,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bellecapital International Ltd. raised its stake in shares of International Business Machines by 19.1% in the third quarter. Bellecapital International Ltd. now owns 6,845 shares of the technology company’s stock valued at $993,000 after acquiring an additional 1,100 shares during the period. Pinnacle Advisory Group Inc. raised its stake in shares of International Business Machines by 19.7% in the third quarter. Pinnacle Advisory Group Inc. now owns 5,187 shares of the technology company’s stock valued at $753,000 after acquiring an additional 852 shares during the period. New Jersey Better Educational Savings Trust raised its stake in shares of International Business Machines by 25.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 5,000 shares of the technology company’s stock valued at $725,000 after acquiring an additional 1,000 shares during the period. Highstreet Asset Management Inc. raised its stake in shares of International Business Machines by 3.1% in the third quarter. Highstreet Asset Management Inc. now owns 75,501 shares of the technology company’s stock valued at $10,954,000 after acquiring an additional 2,291 shares during the period. Finally, Cardinal Capital Management raised its stake in shares of International Business Machines by 4.8% in the third quarter. Cardinal Capital Management now owns 31,466 shares of the technology company’s stock valued at $4,565,000 after acquiring an additional 1,436 shares during the period. Institutional investors and hedge funds own 57.11% of the company’s stock.

Shares of International Business Machines Corp. (NYSE IBM) opened at $153.13 on Thursday. The company has a market cap of $141,770.00, a P/E ratio of 12.78, a P/E/G ratio of 2.23 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. International Business Machines Corp. has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. International Business Machines 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 analysts’ expectations of $18.63 billion. During the same period last year, the business earned $3.29 EPS. International Business Machines’s revenue for the quarter was down .4% on a year-over-year basis. analysts anticipate that International Business Machines Corp. will post 13.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Thursday, November 9th. International Business Machines’s dividend payout ratio is presently 50.08%.

Several research analysts recently commented on IBM shares. UBS Group reaffirmed a “hold” rating and issued a $152.00 price target on shares of International Business Machines in a research note on Tuesday, September 5th. ValuEngine downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Jefferies Group reaffirmed a “sell” rating and issued a $125.00 price target on shares of International Business Machines in a research note on Thursday, September 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price target on shares of International Business Machines in a research note on Friday, October 6th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of International Business Machines in a research note on Friday, October 13th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the stock. International Business Machines has a consensus rating of “Hold” and an average target price of $159.24.

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International Business Machines Profile

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 (NYSE:IBM)

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