Sii Investments Inc. WI cut its position in shares of International Business Machines Corporation (NYSE:IBM) by 11.5% during the first quarter, Holdings Channel reports. The firm owned 21,877 shares of the technology company’s stock after selling 2,856 shares during the period. Sii Investments Inc. WI’s holdings in International Business Machines Corporation were worth $3,803,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Independence Advisors LLC increased its position in shares of International Business Machines Corporation by 0.3% in the first quarter. Independence Advisors LLC now owns 1,937 shares of the technology company’s stock worth $337,000 after buying an additional 5 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the period. K.J. Harrison & Partners Inc increased its position in shares of International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after buying an additional 7 shares during the period. Arthur M. Cohen & Associates LLC increased its position in shares of International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after buying an additional 7 shares during the period. Finally, Financial & Investment Management Group Ltd. increased its position in shares of International Business Machines Corporation by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock worth $341,000 after buying an additional 12 shares during the period. 58.73% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Corporation (NYSE:IBM) remained flat at $141.84 during mid-day trading on Friday. 3,004,360 shares of the company’s stock were exchanged. The company has a market capitalization of $132.19 billion, a P/E ratio of 11.77 and a beta of 0.97. International Business Machines Corporation has a 52-week low of $141.19 and a 52-week high of $182.79. The firm has a 50-day moving average of $149.20 and a 200 day moving average of $162.50.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.95 earnings per share. On average, equities research analysts forecast that International Business Machines Corporation will post $13.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.23%. 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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A number of equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered their price target on International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a report on Wednesday, April 19th. UBS AG reaffirmed a “neutral” rating and issued a $167.00 price target (down from $185.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $162.50 price target on shares of International Business Machines Corporation in a report on Tuesday, April 25th. Finally, BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $157.40.

In other International Business Machines Corporation news, Director James W. Owens purchased 1,718 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by insiders.

International Business Machines Corporation Company Profile

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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