Ironwood Investment Management LLC Has $1.55 Million Stake in International Business Machines Corporation (IBM)

Ironwood Investment Management LLC lifted its stake in International Business Machines Corporation (NYSE:IBM) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,921 shares of the technology company’s stock after buying an additional 33 shares during the period. International Business Machines Corporation makes up approximately 1.2% of Ironwood Investment Management LLC’s holdings, making the stock its 20th largest holding. Ironwood Investment Management LLC’s holdings in International Business Machines Corporation were worth $1,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CKW Financial Group increased its holdings in International Business Machines Corporation by 14.8% during 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 period. Grisanti Capital Management LLC increased its holdings in International Business Machines Corporation by 2.0% during the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after purchasing an additional 20 shares during the period. Capital Management Associates NY purchased a new position in International Business Machines Corporation during the 1st quarter valued at about $200,000. Chicago Equity Partners LLC purchased a new position in International Business Machines Corporation during the 1st quarter valued at about $207,000. Finally, Retirement Planning Group purchased a new position in International Business Machines Corporation during the 1st quarter valued at about $212,000. Hedge funds and other institutional investors own 57.94% of the company’s stock.

IBM has been the topic of a number of research analyst reports. Jefferies Group LLC set a $135.00 price target on International Business Machines Corporation and gave the company a “sell” rating in a report on Friday, May 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective on the stock in a research report on Monday, July 3rd. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $110.00 price objective (down from $125.00) on shares of International Business Machines Corporation in a research report on Monday, July 17th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $157.12.

Shares of International Business Machines Corporation (IBM) traded up 0.894% during trading on Tuesday, reaching $146.155. 2,674,176 shares of the company traded hands. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The firm’s 50 day moving average price is $143.16 and its 200-day moving average price is $157.20. The company has a market capitalization of $136.21 billion, a price-to-earnings ratio of 12.130 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same period in the prior year, the firm earned $2.95 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts anticipate that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.

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International Business Machines Corporation 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.

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

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