Nicolet Bankshares Inc. Increases Stock Position in International Business Machines Co. (NYSE:IBM)

Nicolet Bankshares Inc. increased its position in shares of International Business Machines Co. (NYSE:IBM) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,737 shares of the technology company’s stock after buying an additional 162 shares during the period. Nicolet Bankshares Inc.’s holdings in International Business Machines were worth $694,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in International Business Machines by 3.2% during the first quarter. BlackRock Inc. now owns 64,286,216 shares of the technology company’s stock worth $8,566,779,000 after buying an additional 2,014,943 shares in the last quarter. Geode Capital Management LLC boosted its holdings in International Business Machines by 2.9% during the first quarter. Geode Capital Management LLC now owns 13,700,334 shares of the technology company’s stock worth $1,820,456,000 after buying an additional 389,517 shares in the last quarter. Morgan Stanley boosted its holdings in International Business Machines by 22.6% during the first quarter. Morgan Stanley now owns 12,082,219 shares of the technology company’s stock worth $1,610,076,000 after buying an additional 2,228,318 shares in the last quarter. Franklin Resources Inc. lifted its holdings in International Business Machines by 4.4% during the first quarter. Franklin Resources Inc. now owns 5,841,173 shares of the technology company’s stock valued at $778,396,000 after purchasing an additional 247,465 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in International Business Machines by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,112,916 shares of the technology company’s stock valued at $548,139,000 after purchasing an additional 45,937 shares in the last quarter. 55.24% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on IBM shares. Citigroup increased their price objective on shares of International Business Machines from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, July 20th. BMO Capital Markets increased their price objective on shares of International Business Machines from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Friday, July 16th. Morgan Stanley increased their price objective on shares of International Business Machines from $152.00 to $164.00 and gave the company an “equal weight” rating in a report on Tuesday, July 20th. Finally, Societe Generale raised shares of International Business Machines from a “sell” rating to a “hold” rating and increased their price objective for the company from $121.00 to $140.00 in a report on Tuesday, July 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $149.86.

Shares of NYSE IBM traded down $0.93 during mid-day trading on Monday, reaching $134.30. The company’s stock had a trading volume of 123,042 shares, compared to its average volume of 5,208,601. The stock has a 50-day moving average of $140.21 and a two-hundred day moving average of $139.93. The stock has a market capitalization of $120.38 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.79 and a current ratio of 0.84. International Business Machines Co. has a 1-year low of $105.92 and a 1-year high of $152.84.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Sunday, July 18th. The technology company reported $2.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.04. International Business Machines had a net margin of 7.17% and a return on equity of 36.79%. The firm had revenue of $18.75 billion during the quarter, compared to analysts’ expectations of $18.30 billion. During the same period last year, the business earned $2.18 earnings per share. International Business Machines’s revenue was up 3.4% compared to the same quarter last year. Analysts predict that International Business Machines Co. will post 10.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Tuesday, August 10th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Monday, August 9th. International Business Machines’s payout ratio is currently 75.66%.

International Business Machines Company Profile

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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

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