Uncommon Cents Investing LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

Uncommon Cents Investing LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,875 shares of the technology company’s stock after buying an additional 120 shares during the period. Uncommon Cents Investing LLC’s holdings in International Business Machines were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. IFS Advisors LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at about $28,000. Gleason Group Inc. purchased a new stake in shares of International Business Machines in the 2nd quarter valued at about $28,000. Parkside Investments LLC purchased a new stake in shares of International Business Machines in the 1st quarter valued at about $31,000. SJS Investment Consulting Inc. raised its stake in International Business Machines by 39.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company’s stock valued at $35,000 after acquiring an additional 77 shares during the last quarter. Finally, PrairieView Partners LLC raised its stake in International Business Machines by 64.2% during the 1st quarter. PrairieView Partners LLC now owns 284 shares of the technology company’s stock valued at $37,000 after acquiring an additional 111 shares during the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at International Business Machines

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction on Thursday, September 15th. The shares were bought at an average price of $125.00 per share, with a total value of $125,000.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $125,000. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley reduced their price objective on International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Societe Generale reduced their price objective on International Business Machines to $129.00 in a research note on Tuesday, September 13th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Credit Suisse Group boosted their target price on International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Finally, BMO Capital Markets dropped their target price on International Business Machines from $152.00 to $148.00 in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.18.

International Business Machines Price Performance

Shares of IBM traded down $2.38 on Friday, reaching $122.93. The stock had a trading volume of 100,466 shares, compared to its average volume of 3,566,598. International Business Machines Co. has a twelve month low of $114.56 and a twelve month high of $146.00. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The firm has a 50-day moving average of $130.85 and a 200 day moving average of $132.93. The firm has a market capitalization of $111.03 billion, a PE ratio of 20.06, a PEG ratio of 1.91 and a beta of 0.84.

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

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Tuesday, August 9th. International Business Machines’s payout ratio is currently 107.14%.

International Business Machines Company 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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