Argent Capital Management LLC continued to hold its stake in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,524 shares of the technology company’s stock at the end of the first quarter. Argent Capital Management LLC’s holdings in International Business Machines Corporation were worth $265,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of International Business Machines Corporation during the fourth quarter valued at about $1,366,710,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of International Business Machines Corporation by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock valued at $473,649,000 after buying an additional 34,936 shares in the last quarter. LSV Asset Management increased its stake in shares of International Business Machines Corporation by 2.3% in the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after buying an additional 59,030 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of International Business Machines Corporation by 0.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,917,559 shares of the technology company’s stock valued at $333,924,000 after buying an additional 13,592 shares in the last quarter. Finally, Thomaspartners Inc. increased its stake in shares of International Business Machines Corporation by 7.6% in the first quarter. Thomaspartners Inc. now owns 1,691,815 shares of the technology company’s stock valued at $294,613,000 after buying an additional 119,957 shares in the last quarter. 58.73% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) opened at 143.47 on Tuesday. The firm has a market cap of $133.71 billion, a price-to-earnings ratio of 11.91 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $142.75 and a 12-month high of $182.79. The firm has a 50-day moving average price of $151.77 and a 200-day moving average price of $163.85.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the prior year, the business earned $2.95 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Corporation will post $13.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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IBM has been the subject of several research analyst reports. Sanford C. Bernstein reissued a “neutral” rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) reduced their price objective on International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price objective for the company in a research note on Wednesday, June 7th. Credit Suisse Group reissued an “underperform” rating and issued a $110.00 price objective (down from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. Finally, UBS AG reissued a “neutral” rating and issued a $159.00 price objective (down from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $157.40.

In other International Business Machines Corporation news, Director James W. Owens purchased 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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

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