International Business Machines Co. (NYSE:IBM) Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 36,038 shares of the technology company’s stock after acquiring an additional 1,768 shares during the period. International Business Machines comprises about 1.2% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 16th largest holding. Hudson Edge Investment Partners Inc.’s holdings in International Business Machines were worth $6,233,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of IBM. Vanguard Group Inc. boosted its position in shares of International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after purchasing an additional 5,546,855 shares during the period. Norges Bank acquired a new position in shares of International Business Machines in the fourth quarter worth about $1,019,009,000. Dimensional Fund Advisors LP increased its position in shares of International Business Machines by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock worth $736,015,000 after acquiring an additional 97,482 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after acquiring an additional 2,118,165 shares during the period. Finally, LSV Asset Management boosted its stake in International Business Machines by 4.8% in the 1st quarter. LSV Asset Management now owns 1,788,047 shares of the technology company’s stock worth $341,445,000 after purchasing an additional 81,887 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.9 %

Shares of IBM stock traded down $1.85 on Friday, hitting $200.74. The company’s stock had a trading volume of 3,304,491 shares, compared to its average volume of 4,223,954. The stock has a market capitalization of $184.40 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 4.50 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $205.95. The firm’s fifty day moving average price is $189.52 and its 200-day moving average price is $182.50. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Research analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IBM shares. The Goldman Sachs Group started coverage on shares of International Business Machines in a research note on Monday, June 24th. They set a “buy” rating and a $200.00 target price on the stock. Stifel Nicolaus increased their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Jefferies Financial Group increased their price target on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, UBS Group boosted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $185.93.

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.