International Business Machines Corporation (IBM) Holdings Boosted by Caz Investments LP

Caz Investments LP raised its position in International Business Machines Corporation (NYSE:IBM) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,420 shares of the technology company’s stock after buying an additional 210 shares during the quarter. International Business Machines Corporation comprises about 1.0% of Caz Investments LP’s portfolio, making the stock its 14th largest position. Caz Investments LP’s holdings in International Business Machines Corporation were worth $1,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in International Business Machines Corporation by 0.4% in the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in International Business Machines Corporation by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after buying an additional 134,862 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in International Business Machines Corporation by 3.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock valued at $432,053,000 after buying an additional 88,708 shares during the period. LSV Asset Management increased its holdings in International Business Machines Corporation by 2.3% in the 1st quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after buying an additional 59,030 shares during the period. Finally, APG Asset Management N.V. increased its holdings in International Business Machines Corporation by 11.6% in the 2nd quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after buying an additional 261,720 shares during the period. 58.25% of the stock is currently owned by hedge funds and other institutional investors.

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

ILLEGAL ACTIVITY NOTICE: “International Business Machines Corporation (IBM) Holdings Boosted by Caz Investments LP” was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.themarketsdaily.com/2017/11/15/international-business-machines-corporation-ibm-holdings-boosted-by-caz-investments-lp.html.

Shares of International Business Machines Corporation (IBM) opened at $148.89 on Wednesday. The company has a market cap of $137,387.44, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The business 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%. International Business Machines Corporation’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.29 EPS. equities research analysts forecast that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

International Business Machines Corporation announced that its board has initiated a stock buyback program on Tuesday, October 31st that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 4.03%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

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.

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply