Everence Capital Management Inc. Grows Position in International Business Machines Corp. (IBM)

Everence Capital Management Inc. lifted its position in shares of International Business Machines Corp. (NYSE:IBM) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,566 shares of the technology company’s stock after purchasing an additional 1,150 shares during the quarter. Everence Capital Management Inc.’s holdings in International Business Machines were worth $2,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management Advisors LLC boosted its holdings in International Business Machines by 9.9% in the third quarter. Asset Management Advisors LLC now owns 59,130 shares of the technology company’s stock worth $8,579,000 after acquiring an additional 5,314 shares in the last quarter. FineMark National Bank & Trust boosted its holdings in International Business Machines by 5.5% in the third quarter. FineMark National Bank & Trust now owns 25,841 shares of the technology company’s stock worth $3,749,000 after acquiring an additional 1,355 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in International Business Machines by 157.2% in the third quarter. Canada Pension Plan Investment Board now owns 1,287,090 shares of the technology company’s stock worth $186,731,000 after acquiring an additional 786,749 shares in the last quarter. Investment House LLC boosted its holdings in International Business Machines by 36.2% in the third quarter. Investment House LLC now owns 38,760 shares of the technology company’s stock worth $5,623,000 after acquiring an additional 10,295 shares in the last quarter. Finally, Brightworth bought a new stake in International Business Machines in the third quarter worth $471,000. Institutional investors own 57.11% of the company’s stock.

Several equities research analysts have commented on IBM shares. ValuEngine downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Jefferies Group reissued a “sell” rating and issued a $125.00 target price on shares of International Business Machines in a report on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a report on Friday, October 13th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a report on Friday, October 13th. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $160.01.

International Business Machines Corp. (IBM) opened at $161.70 on Friday. International Business Machines Corp. has a one year low of $139.13 and a one year high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $146,728.69, a price-to-earnings ratio of 13.51, a PEG ratio of 2.30 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.29 earnings per share. research analysts expect that International Business Machines Corp. will post 13.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 50.13%.

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International Business Machines 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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