International Business Machines Corp. (IBM) Shares Bought by Stevens Capital Management LP

Stevens Capital Management LP increased its holdings in International Business Machines Corp. (NYSE:IBM) by 902.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,084 shares of the technology company’s stock after acquiring an additional 99,107 shares during the period. Stevens Capital Management LP’s holdings in International Business Machines were worth $15,971,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IBM. Herndon Capital Management LLC increased its position in International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC increased its holdings in shares of International Business Machines by 5.6% during 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 during the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines during the 2nd quarter valued at about $121,000. Peddock Capital Advisors LLC increased its holdings in shares of International Business Machines by 7.3% during 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 during the last quarter. Finally, Horan Securities Inc. increased its holdings in shares of International Business Machines by 845.5% during 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 during the last quarter. 57.11% of the stock is currently owned by institutional investors.

IBM has been the topic of a number of analyst reports. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective on shares of International Business Machines in a report on Friday, October 13th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price objective on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada reissued a “hold” rating and set a $160.00 price objective on shares of International Business Machines in a report on Wednesday, November 15th. Goldman Sachs Group set a $170.00 price objective on International Business Machines and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective on the stock in a report on Wednesday, December 6th. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $160.01.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $162.49 on Monday. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market capitalization of $150,430.00, a P/E ratio of 13.56, a P/E/G ratio of 2.36 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The firm 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 company earned $3.29 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. equities analysts forecast that International Business Machines Corp. will post 13.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.69%. International Business Machines’s payout ratio is 50.08%.

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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.

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

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