Centaurus Financial Inc. Raises Position in International Business Machines Co. (NYSE:IBM)

Centaurus Financial Inc. lifted its position in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 14.3% during the third quarter, HoldingsChannel reports. The fund owned 3,095 shares of the technology company’s stock after acquiring an additional 387 shares during the quarter. Centaurus Financial Inc.’s holdings in International Business Machines were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Vanguard Group Inc. increased its stake in shares of International Business Machines by 2.2% during the third quarter. Vanguard Group Inc. now owns 79,079,065 shares of the technology company’s stock worth $9,395,384,000 after acquiring an additional 1,709,934 shares during the period. FMR LLC increased its stake in shares of International Business Machines by 31.4% during the second quarter. FMR LLC now owns 5,107,664 shares of the technology company’s stock worth $721,150,000 after acquiring an additional 1,221,837 shares during the period. Barclays PLC increased its stake in shares of International Business Machines by 264.1% during the third quarter. Barclays PLC now owns 1,629,659 shares of the technology company’s stock worth $193,619,000 after acquiring an additional 1,182,046 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of International Business Machines by 35.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after acquiring an additional 1,163,790 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after buying an additional 1,105,170 shares during the period. 55.90% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.8 %

Shares of NYSE IBM opened at $123.69 on Friday. International Business Machines Co. has a 12-month low of $115.54 and a 12-month high of $153.21. The company has a market capitalization of $112.20 billion, a PE ratio of 70.28, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.92 and a quick ratio of 0.87. The firm’s 50-day moving average is $134.65 and its two-hundred day moving average is $135.11.

International Business Machines (NYSE:IBM – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The technology company reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.61 by ($0.01). The firm had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.38 billion. International Business Machines had a net margin of 2.71% and a return on equity of 41.24%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $3.35 EPS. Equities analysts anticipate that International Business Machines Co. will post 9.46 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend was Thursday, February 9th. International Business Machines’s payout ratio is 375.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IBM shares. Stifel Nicolaus upped their target price on shares of International Business Machines from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. StockNews.com started coverage on shares of International Business Machines in a research report on Thursday. They set a “buy” rating on the stock. Citigroup upped their target price on shares of International Business Machines from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. Edward Jones lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Finally, Moffett Nathanson upgraded shares of International Business Machines from an “underperform” rating to a “market perform” rating and set a $140.00 target price on the stock in a research report on Tuesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.73.

International Business Machines Company Profile

(Get Rating)

International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other.