Rosenberg Matthew Hamilton Buys 123 Shares of International Business Machines Co. (NYSE:IBM)

Rosenberg Matthew Hamilton boosted its position in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,096 shares of the technology company’s stock after acquiring an additional 123 shares during the period. Rosenberg Matthew Hamilton’s holdings in International Business Machines were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IBM. Gleason Group Inc. acquired a new stake in International Business Machines during the second quarter worth $28,000. IFS Advisors LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $28,000. Parkside Investments LLC acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $31,000. SJS Investment Consulting Inc. boosted its stake in International Business Machines by 39.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company’s stock valued at $35,000 after buying an additional 77 shares in the last quarter. Finally, PrairieView Partners LLC grew its position in International Business Machines by 64.2% in the first 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 period. Institutional investors own 55.52% of the company’s stock.

International Business Machines Trading Up 0.3 %

Shares of NYSE IBM opened at $125.31 on Friday. International Business Machines Co. has a fifty-two week low of $114.56 and a fifty-two week high of $146.00. The firm has a market capitalization of $113.18 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.91 and a beta of 0.84. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.82. The company’s 50 day simple moving average is $130.85 and its 200 day simple moving average is $132.93.

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

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were given a $1.65 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.27%. International Business Machines’s dividend payout ratio is 107.14%.

Insider Buying and Selling

In other news, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction dated Thursday, September 15th. The shares were bought at an average cost of $125.00 per share, with a total value of $125,000.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $125,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.

See Also

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

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