International Business Machines Corporation $IBM Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in International Business Machines Corporation (NYSE:IBM) by 48.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,139 shares of the technology company’s stock after buying an additional 41,068 shares during the quarter. Quantinno Capital Management LP’s holdings in International Business Machines were worth $37,183,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBM. Brooklyn Investment Group boosted its stake in shares of International Business Machines by 32.7% during the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after acquiring an additional 1,630 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of International Business Machines during the 2nd quarter worth about $16,565,000. Edgar Lomax Co. VA grew its holdings in shares of International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after buying an additional 12,690 shares in the last quarter. Vanguard Group Inc. raised its position in shares of International Business Machines by 2.1% in the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after buying an additional 1,913,708 shares during the last quarter. Finally, Thames Capital Management LLC purchased a new position in shares of International Business Machines during the second quarter valued at approximately $2,710,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.7%

NYSE:IBM opened at $310.53 on Friday. The business’s 50-day moving average is $299.06 and its two-hundred day moving average is $277.74. The firm has a market capitalization of $290.26 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.69. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analyst Ratings Changes

Several research firms have commented on IBM. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. BMO Capital Markets lifted their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Oppenheimer started coverage on International Business Machines in a research report on Friday, November 21st. They set an “outperform” rating and a $360.00 target price on the stock. Stifel Nicolaus lifted their price target on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group increased their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.38.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.