Hudson Edge Investment Partners Inc. Acquires 1,768 Shares of International Business Machines Co. (NYSE:IBM)

Hudson Edge Investment Partners Inc. boosted its holdings in shares of International Business Machines Co. (NYSE:IBMFree Report) by 5.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,038 shares of the technology company’s stock after purchasing an additional 1,768 shares during the quarter. International Business Machines makes up about 1.2% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 16th largest position. Hudson Edge Investment Partners Inc.’s holdings in International Business Machines were worth $6,233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mosley Wealth Management acquired a new stake in shares of International Business Machines in the fourth quarter worth $312,000. Hodges Capital Management Inc. grew its position in International Business Machines by 60.8% in the 1st quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after purchasing an additional 7,768 shares during the last quarter. Burns J W & Co. Inc. NY increased its holdings in shares of International Business Machines by 10.8% during the 1st quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock worth $491,000 after purchasing an additional 250 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of International Business Machines during the fourth quarter valued at about $3,017,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of International Business Machines by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock valued at $736,015,000 after buying an additional 97,482 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM traded down $1.85 during mid-day trading on Friday, hitting $200.74. 3,304,491 shares of the stock were exchanged, compared to its average volume of 4,223,954. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $205.95. The stock’s fifty day simple moving average is $189.52 and its two-hundred day simple moving average is $182.50. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company has a market cap of $184.40 billion, a P/E ratio of 22.73, a PEG ratio of 4.50 and a beta of 0.70.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $2.18 EPS. As a group, analysts forecast that International Business Machines Co. will post 10.09 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.33%. International Business Machines’s dividend payout ratio is 75.65%.

Analysts Set New Price Targets

IBM has been the topic of several research reports. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. The Goldman Sachs Group started coverage on International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price for the company. Royal Bank of Canada raised their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. UBS Group boosted their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $185.93.

Read Our Latest Stock Analysis on IBM

International Business Machines Company Profile

(Free Report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

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

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