Rock Creek Group LP Acquires 465 Shares of International Business Machines Co. (NYSE:IBM)

Rock Creek Group LP raised its holdings in International Business Machines Co. (NYSE:IBM) by 23.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,473 shares of the technology company’s stock after buying an additional 465 shares during the period. Rock Creek Group LP’s holdings in International Business Machines were worth $363,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morgan Stanley raised its holdings in International Business Machines by 22.6% during the first quarter. Morgan Stanley now owns 12,082,219 shares of the technology company’s stock worth $1,610,076,000 after acquiring an additional 2,228,318 shares in the last quarter. BlackRock Inc. raised its stake in shares of International Business Machines by 3.2% during the 1st quarter. BlackRock Inc. now owns 64,286,216 shares of the technology company’s stock worth $8,566,779,000 after purchasing an additional 2,014,943 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of International Business Machines by 399.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,391,514 shares of the technology company’s stock valued at $185,433,000 after buying an additional 1,112,914 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of International Business Machines by 32.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,623,563 shares of the technology company’s stock valued at $482,876,000 after buying an additional 883,128 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in International Business Machines by 41.0% during the first quarter. Schroder Investment Management Group now owns 1,580,249 shares of the technology company’s stock worth $210,583,000 after buying an additional 459,518 shares during the last quarter. 55.24% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on IBM shares. Citigroup boosted their price objective on shares of International Business Machines from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 20th. Societe Generale raised International Business Machines from a “sell” rating to a “hold” rating and raised their price objective for the company from $121.00 to $140.00 in a research report on Tuesday, July 20th. Morgan Stanley boosted their target price on International Business Machines from $152.00 to $164.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 20th. Finally, BMO Capital Markets lifted their price objective on shares of International Business Machines from $150.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $149.86.

Shares of IBM stock opened at $136.22 on Wednesday. The stock has a market cap of $122.10 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. International Business Machines Co. has a 1 year low of $105.92 and a 1 year high of $152.84. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 2.21. The stock has a 50 day simple moving average of $140.48 and a 200 day simple moving average of $139.61.

International Business Machines (NYSE:IBM) last released its earnings results on Sunday, July 18th. The technology company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.04. The firm had revenue of $18.75 billion during the quarter, compared to the consensus estimate of $18.30 billion. International Business Machines had a return on equity of 36.79% and a net margin of 7.17%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS. Analysts forecast that International Business Machines Co. will post 10.82 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Tuesday, August 10th were given a $1.64 dividend. The ex-dividend date was Monday, August 9th. This represents a $6.56 dividend on an annualized basis and a yield of 4.82%. International Business Machines’s dividend payout ratio is currently 75.66%.

International Business Machines Profile

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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

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