International Business Machines Corporation (IBM) Position Held by Jasper Ridge Partners L.P.

Jasper Ridge Partners L.P. continued to hold its stake in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,600 shares of the technology company’s stock at the close of the 2nd quarter. Jasper Ridge Partners L.P.’s holdings in International Business Machines were worth $246,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SeaBridge Investment Advisors LLC lifted its stake in International Business Machines by 18.9% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after purchasing an additional 12,236 shares during the last quarter. Intellectus Partners LLC lifted its stake in International Business Machines by 9.8% in the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after purchasing an additional 1,496 shares during the last quarter. CKW Financial Group lifted its stake in International Business Machines by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after purchasing an additional 121 shares during the last quarter. Argus Investors Counsel Inc. lifted its stake in International Business Machines by 10.9% in the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 2,651 shares during the last quarter. Finally, SOL Capital Management CO lifted its stake in International Business Machines by 0.6% in the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.

Several research analysts have weighed in on the stock. Wedbush reissued a “neutral” rating and issued a $155.00 price target on shares of International Business Machines in a report on Wednesday, August 9th. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target on the stock in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price target on shares of International Business Machines in a report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and issued a $192.00 price target on shares of International Business Machines in a report on Wednesday, August 23rd. Finally, ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $159.24.

Shares of International Business Machines Corporation (NYSE IBM) traded down $1.25 during trading hours on Thursday, reaching $154.10. 3,410,700 shares of the company were exchanged, compared to its average volume of 4,260,154. The company has a market capitalization of $143,821.70, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.27 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 Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79.

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

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 3.89%. International Business Machines’s dividend payout ratio (DPR) is 50.13%.

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International Business Machines 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 (NYSE:IBM)

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