International Business Machines Co. (NYSE:IBM) Shares Acquired by AGF Investments LLC

AGF Investments LLC raised its stake in shares of International Business Machines Co. (NYSE:IBM) by 1,707.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,772 shares of the technology company’s stock after acquiring an additional 4,508 shares during the period. AGF Investments LLC’s holdings in International Business Machines were worth $663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boenning & Scattergood Inc. increased its position in shares of International Business Machines by 4.3% during the third quarter. Boenning & Scattergood Inc. now owns 40,682 shares of the technology company’s stock valued at $5,652,000 after acquiring an additional 1,668 shares during the last quarter. Commerce Bank grew its holdings in shares of International Business Machines by 10.1% in the third quarter. Commerce Bank now owns 181,550 shares of the technology company’s stock valued at $25,223,000 after purchasing an additional 16,652 shares in the last quarter. Albion Financial Group UT acquired a new position in International Business Machines during the 2nd quarter worth approximately $5,085,000. Stockman Wealth Management Inc. lifted its position in shares of International Business Machines by 3.9% during the 3rd quarter. Stockman Wealth Management Inc. now owns 54,508 shares of the technology company’s stock worth $7,573,000 after buying an additional 2,032 shares during the last quarter. Finally, San Luis Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the 3rd quarter worth approximately $2,225,000. Institutional investors and hedge funds own 55.31% of the company’s stock.

Shares of NYSE:IBM opened at $134.21 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 2.10. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $152.84. The company has a 50 day moving average of $125.28 and a two-hundred day moving average of $133.97. The company has a market capitalization of $120.30 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 19th. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.02. International Business Machines had a net margin of 6.40% and a return on equity of 36.23%. The company had revenue of $17.62 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the company earned $2.58 earnings per share. International Business Machines’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts anticipate that International Business Machines Co. will post 10.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Wednesday, November 10th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Tuesday, November 9th. International Business Machines’s payout ratio is currently 124.01%.

IBM has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research report on Sunday, January 9th. They set a “neutral” rating and a $140.00 price objective for the company. UBS Group downgraded shares of International Business Machines from a “neutral” rating to a “sell” rating and reduced their price target for the company from $136.00 to $124.00 in a research report on Tuesday. Credit Suisse Group started coverage on shares of International Business Machines in a research report on Friday, October 29th. They issued an “outperform” rating and a $172.00 price target for the company. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research report on Friday, October 1st. They issued a “buy” rating and a $170.00 price target for the company. Finally, Stifel Nicolaus cut their price objective on shares of International Business Machines from $151.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $147.00.

International Business Machines 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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