Raymond James Trust N.A. Has $8.74 Million Position in International Business Machines Corporation (IBM)

Raymond James Trust N.A. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 27.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,799 shares of the technology company’s stock after selling 21,080 shares during the period. Raymond James Trust N.A.’s holdings in International Business Machines were worth $8,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of IBM. Harbour Capital Advisors LLC lifted its position in International Business Machines by 14,730.9% during the second quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock valued at $3,143,000 after acquiring an additional 480,228 shares during the last quarter. Bank of Nova Scotia increased its stake in International Business Machines by 668.8% during the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock valued at $85,677,000 after purchasing an additional 428,011 shares in the last quarter. AQR Capital Management LLC increased its stake in International Business Machines by 31.9% during the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock valued at $266,651,000 after purchasing an additional 370,700 shares in the last quarter. Schroder Investment Management Group increased its stake in International Business Machines by 14.9% during the 2nd quarter. Schroder Investment Management Group now owns 2,792,290 shares of the technology company’s stock valued at $430,376,000 after purchasing an additional 362,026 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in International Business Machines by 116.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock valued at $76,967,000 after purchasing an additional 269,379 shares in the last quarter. 57.26% of the stock is owned by institutional investors.

A number of research analysts have issued reports on IBM shares. UBS restated a “neutral” rating and set a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Jefferies Group restated a “sell” rating and set a $125.00 price target on shares of International Business Machines in a research note on Thursday, September 21st. Vetr upgraded 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 research note on Wednesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a research note on Friday, October 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $155.00 price objective on shares of International Business Machines in a research note on Wednesday, August 9th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $159.24.

Shares of International Business Machines Corporation (NYSE:IBM) traded down $1.25 on Thursday, hitting $154.10. 3,410,700 shares of the company’s stock were exchanged, compared to its average volume of 4,260,154. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The firm has a market capitalization of $143,821.70, a PE ratio of 11.37, a PEG ratio of 2.27 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

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

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 3.89%. International Business Machines’s dividend payout ratio is presently 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.

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

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