Edmond DE Rothschild Holding S.A. Acquires New Stake in International Business Machines Corporation $IBM

Edmond DE Rothschild Holding S.A. acquired a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 112,661 shares of the technology company's stock, valued at approximately $31,681,000.

Other institutional investors have also added to or reduced their stakes in the company. Orca Wealth Management LLC lifted its stake 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 valued at $285,000 after purchasing an additional 35 shares during the period. Friday Financial grew its stake in shares of International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company's stock worth $583,000 after acquiring an additional 35 shares in the last quarter. First Command Advisory Services Inc. increased its stake in International Business Machines by 1.1% in the 4th quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company's stock valued at $1,025,000 after buying an additional 36 shares during the last quarter. Washington Trust Bank lifted its holdings in International Business Machines by 2.2% during the fourth quarter. Washington Trust Bank now owns 1,712 shares of the technology company's stock worth $507,000 after acquiring an additional 37 shares during the period. Finally, HORAN Wealth LLC raised its stake in shares of International Business Machines by 1.3% during the 4th quarter. HORAN Wealth LLC now owns 2,851 shares of the technology company's stock worth $844,000 after purchasing an additional 37 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. Roth Capital reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, June 3rd. KeyCorp cut International Business Machines to a "sector weight" rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein reissued a "market perform" rating on shares of International Business Machines in a report on Thursday, July 16th. JPMorgan Chase & Co. cut their price objective on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 17th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $270.00 target price on shares of International Business Machines in a report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $265.90.

Insiders Place Their Bets

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

International Business Machines Price Performance

IBM stock opened at $234.87 on Friday. 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. The firm's 50-day moving average price is $241.67 and its two-hundred day moving average price is $247.13. The stock has a market capitalization of $221.28 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.24 and a beta of 0.71.

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

International Business Machines Dividend Announcement

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

International Business Machines Profile

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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