Zuckerman Investment Group LLC Has $11.72 Million Holdings in International Business Machines Corp. (IBM)

Zuckerman Investment Group LLC boosted its stake in shares of International Business Machines Corp. (NYSE:IBM) by 1.3% during the 3rd quarter, Holdings Channel reports. The fund owned 80,766 shares of the technology company’s stock after purchasing an additional 1,069 shares during the period. International Business Machines accounts for about 2.9% of Zuckerman Investment Group LLC’s holdings, making the stock its 15th largest position. Zuckerman Investment Group LLC’s holdings in International Business Machines were worth $11,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of International Business Machines by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after buying an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of International Business Machines by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after buying an additional 1,249,916 shares during the last quarter. BlackRock Inc. grew its stake in shares of International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of International Business Machines by 9,678.2% during the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock valued at $118,347,000 after buying an additional 807,553 shares during the last quarter. 57.06% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $155.34 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $141,210.97, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. International Business Machines Corp. has a twelve month low of $139.13 and a twelve month high of $182.79.

International Business Machines (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. International Business Machines’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.01 earnings per share. equities analysts forecast that International Business Machines Corp. will post 13.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.86%. International Business Machines’s dividend payout ratio is currently 98.20%.

A number of research analysts have recently commented on the company. Zacks Investment Research raised International Business Machines from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets reiterated a “hold” rating and issued a $175.00 price target on shares of International Business Machines in a report on Thursday, January 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the company a “neutral” rating in a report on Friday, January 19th. Pivotal Research set a $180.00 price target on International Business Machines and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, UBS Group reiterated a “neutral” rating and issued a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $164.37.

In related news, Director Frederick H. Waddell bought 610 shares of the stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $163.38 per share, for a total transaction of $99,661.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

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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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