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MCIA Inc Purchases 294 Shares of International Business

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MCIA Inc grew its position in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 2.3% in the 1st quarter, HoldingsChannel reports. The fund owned 13,345 shares of the technology company’s stock after buying an additional 294 shares during the period. MCIA Inc’s holdings in International Business Machines were worth $1,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. increased its stake in International Business Machines by 0.8% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 9,330 shares of the technology company’s stock valued at $1,247,000 after buying an additional 76 shares during the period. Rossmore Private Capital raised its position in shares of International Business Machines by 1.2% in the fourth quarter. Rossmore Private Capital now owns 6,418 shares of the technology company’s stock valued at $858,000 after purchasing an additional 78 shares during the period. Twin Capital Management Inc. lifted its position in International Business Machines by 1.7% during the 4th quarter. Twin Capital Management Inc. now owns 4,909 shares of the technology company’s stock worth $656,000 after buying an additional 80 shares in the last quarter. Keel Point LLC raised its holdings in International Business Machines by 2.4% during the 4th quarter. Keel Point LLC now owns 3,505 shares of the technology company’s stock worth $468,000 after purchasing an additional 83 shares during the last quarter. Finally, MONECO Advisors LLC increased its stake in shares of International Business Machines by 1.2% in the 4th quarter. MONECO Advisors LLC now owns 7,427 shares of the technology company’s stock valued at $1,023,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 55.22% of the company’s stock.

A number of equities analysts have weighed in on IBM shares. Credit Suisse Group upped their price target on International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. StockNews.com started coverage on shares of International Business Machines in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Morgan Stanley increased their target price on shares of International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Bank of America upped their price objective on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. Finally, BMO Capital Markets upped their price objective on shares of International Business Machines from $148.00 to $152.00 and gave the stock a “market perform” rating in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $147.25.

In other news, major shareholder Business Machine International sold 22,301,536 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the sale, the insider now owns 22,301,536 shares in the company, valued at approximately $311,106,427.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

NYSE:IBM traded down $0.27 on Wednesday, reaching $137.58. 42,997 shares of the company’s stock were exchanged, compared to its average volume of 4,442,893. The stock has a fifty day simple moving average of $135.15 and a 200-day simple moving average of $131.50. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.92 and a quick ratio of 0.87. International Business Machines Co. has a 52 week low of $114.56 and a 52 week high of $147.50. The firm has a market cap of $123.74 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 1.51 and a beta of 1.00.

International Business Machines (NYSE:IBM – Get Rating) last announced its earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. International Business Machines had a net margin of 8.21% and a return on equity of 42.14%. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share. As a group, sell-side analysts predict that International Business Machines Co. will post 9.89 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 10th were paid a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 4.80%. This is an increase from International Business Machines’s previous quarterly dividend of $1.64. The ex-dividend date was Monday, May 9th. International Business Machines’s payout ratio is presently 108.20%.

International Business Machines Profile (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

Further Reading

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Co. (NYSE:IBM – Get Rating).

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



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