BDO Wealth Advisors LLC Invests $718,000 in International Business Machines Corporation (IBM)

BDO Wealth Advisors LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,666 shares of the technology company’s stock, valued at approximately $718,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. Harbour Capital Advisors LLC grew its holdings in International Business Machines Corporation by 14,730.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 480,228 shares during the last quarter. Bank of Nova Scotia grew its holdings in International Business Machines Corporation by 668.8% during the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after acquiring an additional 428,011 shares during the last quarter. AQR Capital Management LLC grew its holdings in International Business Machines Corporation by 31.9% during the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after acquiring an additional 370,700 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in International Business Machines Corporation by 116.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock worth $76,967,000 after acquiring an additional 269,379 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in International Business Machines Corporation by 70.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after acquiring an additional 267,588 shares during the last quarter. 58.25% of the stock is currently owned by hedge funds and other institutional investors.

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International Business Machines Corporation (NYSE:IBM) opened at $148.89 on Wednesday. The firm has a market cap of $137,387.44, a PE ratio of 10.86, a P/E/G ratio of 2.17 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.29 earnings per share. equities analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 4.03%. International Business Machines Corporation’s payout ratio is currently 50.13%.

International Business Machines Corporation declared that its board has authorized a stock buyback plan on Tuesday, October 31st that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

A number of research firms have weighed in on IBM. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Argus restated a “buy” rating and issued a $175.00 price target (down previously from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. UBS AG restated a “neutral” rating and issued a $159.00 price target (down previously from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target on the stock in a research report on Monday, July 31st. Finally, Wedbush restated a “neutral” rating and issued a $155.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $158.90.

About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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