The M&R Capital Management Inc. decides to keep it stake in International Business Machines Corp. (IBM) to the level of $2,773,000

The M&R Capital Management Inc. decides to keep it stake in International Business Machines Corp. (IBM) to the level of $2,773,000

M&R Capital Management Inc. increased its stake in International Business Machines Corp. (NYSE:IBM) by 176.7% during the second quarter, Holdings Channel reports. The fund owned 48,426 shares of the technology company’s stock after buying an additional 30,926 shares during the period. M&R Capital Management Inc.’s holdings in International Business Machines Corp. were worth $2,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Jackson Grant Investment Advisers Inc. boosted its position in International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock valued at $110,000 after buying an additional 5 shares in the last quarter. Round Table Services LLC boosted its position in International Business Machines Corp. by 0.4% in the second quarter. Round Table Services LLC now owns 1,620 shares of the technology company’s stock valued at $246,000 after buying an additional 6 shares in the last quarter. Nadler Financial Group Inc. boosted its position in International Business Machines Corp. by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,243 shares of the technology company’s stock valued at $340,000 after buying an additional 8 shares in the last quarter. Financial & Investment Management Group Ltd. boosted its position in International Business Machines Corp. by 0.7% in the second quarter. Financial & Investment Management Group Ltd. now owns 1,921 shares of the technology company’s stock valued at $292,000 after buying an additional 14 shares in the last quarter. Finally, Alpha Windward LLC boosted its position in International Business Machines Corp. by 1.1% in the second quarter. Alpha Windward LLC now owns 1,324 shares of the technology company’s stock valued at $201,000 after buying an additional 15 shares in the last quarter. 57.61% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) opened at 155.67 on Monday. The stock’s 50 day moving average price is $157.52 and its 200-day moving average price is $154.03. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00. The company has a market cap of $148.80 billion, a PE ratio of 12.66 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.06. The business earned $20.20 billion during the quarter, compared to analyst estimates of $20.03 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.84 earnings per share. On average, equities research analysts forecast that International Business Machines Corp. will post $13.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were paid a $1.40 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $5.60 dividend on an annualized basis and a yield of 3.60%. International Business Machines Corp.’s payout ratio is currently 45.53%.

Several research firms have recently issued reports on IBM. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $140.00 price objective on shares of International Business Machines Corp. in a research report on Saturday. Societe Generale set a $160.00 price objective on International Business Machines Corp. and gave the stock a “neutral” rating in a research report on Tuesday, September 27th. Zacks Investment Research raised International Business Machines Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Vetr downgraded International Business Machines Corp. from a “buy” rating to a “hold” rating and set a $159.83 target price for the company. in a report on Monday, September 19th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $162.00 target price on shares of International Business Machines Corp. in a report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $154.47.

In other International Business Machines Corp. news, insider Robert J. Leblanc sold 15,708 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the sale, the insider now directly owns 61,374 shares of the company’s stock, valued at $9,957,931.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Picciano sold 1,922 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total transaction of $305,905.52. Following the sale, the insider now directly owns 35,861 shares in the company, valued at $5,707,636.76. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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