IBM Shareholder Boosts Stake by 144% Amid Strong Earnings

New Republic Capital LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 144.0% during the 2nd quarter, according to a recent disclosure with the Securities and Exchange Commission.

The institutional investor owned 6,163 shares of the technology company's stock after purchasing an additional 3,637 shares during the period. New Republic Capital LLC's holdings in International Business Machines were worth $1,733,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the business. Avail Investment Partners LLC increased its stake in shares of International Business Machines by 25.8% during the 2nd quarter. Calamos Wealth Management LLC grew its holdings in International Business Machines by 1.0% during the 2nd quarter.

International Business Machines Corporation has a market capitalization of $222.14 billion, a PE ratio of 20.92, and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74, and a current ratio of 0.79.

In related news, SVP Robert David Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The sale represents a 34.34% decrease in their ownership of the stock.