Ray Gerald L & Associates Ltd. Raises Holdings in International Business Machines Corporation (IBM)

Ray Gerald L & Associates Ltd. lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,648 shares of the technology company’s stock after buying an additional 1,919 shares during the period. International Business Machines Corporation makes up about 0.8% of Ray Gerald L & Associates Ltd.’s investment portfolio, making the stock its 29th largest holding. Ray Gerald L & Associates Ltd.’s holdings in International Business Machines Corporation were worth $5,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Birinyi Associates Inc. boosted its position in shares of International Business Machines Corporation by 5.1% during the second quarter. Birinyi Associates Inc. now owns 6,210 shares of the technology company’s stock worth $956,000 after buying an additional 300 shares during the period. Evergreen Capital Management LLC raised its holdings in International Business Machines Corporation by 19.5% during the second quarter. Evergreen Capital Management LLC now owns 4,937 shares of the technology company’s stock worth $759,000 after purchasing an additional 807 shares in the last quarter. QCI Asset Management Inc. NY raised its holdings in International Business Machines Corporation by 6.5% during the second quarter. QCI Asset Management Inc. NY now owns 1,353 shares of the technology company’s stock worth $208,000 after purchasing an additional 83 shares in the last quarter. Flippin Bruce & Porter Inc. raised its holdings in International Business Machines Corporation by 6.2% during the second quarter. Flippin Bruce & Porter Inc. now owns 85,378 shares of the technology company’s stock worth $13,134,000 after purchasing an additional 4,956 shares in the last quarter. Finally, Asset Planning Services Inc. LA ADV raised its holdings in International Business Machines Corporation by 2.9% during the second quarter. Asset Planning Services Inc. LA ADV now owns 22,890 shares of the technology company’s stock worth $3,521,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 58.25% of the company’s stock.

International Business Machines Corporation (NYSE IBM) opened at $148.97 on Friday. The company has a market cap of $137,915.09, a PE ratio of 10.91, a PEG ratio of 2.18 and a beta of 0.94. 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 Corporation has a 52-week low of $139.13 and a 52-week high of $182.79.

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

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio is currently 50.13%.

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Several brokerages recently commented on IBM. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada reissued a “hold” rating on shares of International Business Machines Corporation in a report on Friday, October 13th. Morgan Stanley reissued an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $170.00 price target (up previously from $167.00) on shares of International Business Machines Corporation in a report on Wednesday, October 18th. Finally, Citigroup Inc. upped their price target on International Business Machines Corporation from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $158.93.

International Business Machines Corporation Company 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 Corporation (NYSE:IBM)

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