Dearborn Partners LLC Makes New Investment in International Business Machines Corporation $IBM

Dearborn Partners LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,567 shares of the technology company's stock, valued at approximately $11,045,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. Orca Wealth Management LLC raised its holdings in shares of International Business Machines by 3.7% in the 4th quarter. Orca Wealth Management LLC now owns 975 shares of the technology company's stock worth $285,000 after purchasing an additional 35 shares during the period. Friday Financial grew its holdings in International Business Machines by 1.9% during the second quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after purchasing an additional 35 shares during the period. First Command Advisory Services Inc. grew its holdings in International Business Machines by 1.1% during the fourth quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company's stock valued at $1,025,000 after purchasing an additional 36 shares during the period. HORAN Wealth LLC increased its position in International Business Machines by 1.3% in the fourth quarter. HORAN Wealth LLC now owns 2,851 shares of the technology company's stock worth $844,000 after buying an additional 37 shares during the last quarter. Finally, Washington Trust Bank raised its stake in shares of International Business Machines by 2.2% in the fourth quarter. Washington Trust Bank now owns 1,712 shares of the technology company's stock valued at $507,000 after buying an additional 37 shares during the period. Institutional investors own 58.96% of the company's stock.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IBM shares. Robert W. Baird started coverage on International Business Machines in a research note on Tuesday, July 21st. They set a "neutral" rating and a $230.00 price target for the company. Wolfe Research cut International Business Machines to a "peer perform" rating in a research note on Tuesday, June 23rd. Oppenheimer downgraded shares of International Business Machines from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 15th. Bank of America lifted their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, Needham & Company LLC assumed coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They set a "buy" rating on the stock. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of "Moderate Buy" and an average price target of $265.90.

International Business Machines Price Performance

IBM stock opened at $234.77 on Tuesday. The firm has a 50 day moving average of $240.81 and a 200-day moving average of $246.86. The firm has a market capitalization of $221.18 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.24 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.80 EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.9%. International Business Machines's payout ratio is presently 59.98%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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