Sciencast Management LP Has $933,000 Position in International Business Machines Co. (NYSE:IBM)

Sciencast Management LP raised its stake in International Business Machines Co. (NYSE:IBM) by 321.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,929 shares of the technology company’s stock after buying an additional 5,283 shares during the period. Sciencast Management LP’s holdings in International Business Machines were worth $933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in IBM. Norges Bank acquired a new position in shares of International Business Machines in the fourth quarter valued at about $1,116,008,000. BlackRock Inc. grew its stake in shares of International Business Machines by 3.2% in the first quarter. BlackRock Inc. now owns 64,286,216 shares of the technology company’s stock valued at $8,566,779,000 after acquiring an additional 2,014,943 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of International Business Machines by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,571,878 shares of the technology company’s stock valued at $1,582,548,000 after acquiring an additional 943,571 shares in the last quarter. GSB Wealth Management LLC acquired a new position in shares of International Business Machines in the first quarter valued at about $87,715,000. Finally, RWWM Inc. lifted its position in International Business Machines by 10,021.3% during the fourth quarter. RWWM Inc. now owns 644,827 shares of the technology company’s stock worth $81,171,000 after purchasing an additional 638,456 shares during the period. Institutional investors and hedge funds own 54.96% of the company’s stock.

Shares of IBM stock opened at $150.54 on Friday. The firm has a market cap of $134.51 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23. International Business Machines Co. has a 52 week low of $105.92 and a 52 week high of $152.84. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 2.38. The stock’s 50 day moving average is $142.01.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Sunday, April 18th. The technology company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.63 by $0.14. International Business Machines had a net margin of 7.28% and a return on equity of 36.67%. The company had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the firm posted $1.84 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Co. will post 10.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Monday, May 10th were given a $1.64 dividend. The ex-dividend date of this dividend was Friday, May 7th. This represents a $6.56 annualized dividend and a yield of 4.36%. This is an increase from International Business Machines’s previous quarterly dividend of $1.63. International Business Machines’s dividend payout ratio (DPR) is presently 75.66%.

A number of research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of International Business Machines from $138.00 to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, April 20th. Stifel Nicolaus increased their target price on shares of International Business Machines from $147.00 to $151.00 and gave the stock a “buy” rating in a report on Tuesday, April 20th. Credit Suisse Group raised their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, April 20th. Finally, Morgan Stanley raised their price objective on shares of International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a report on Tuesday, April 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $146.00.

International Business Machines Company Profile

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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

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