Stellar Capital Management LLC decreased its stake in International Business Machines Corporation (NYSE:IBM) by 0.6% during the first quarter, Holdings Channel reports. The institutional investor owned 2,200 shares of the technology company’s stock after selling 13 shares during the period. Stellar Capital Management LLC’s holdings in International Business Machines Corporation were worth $383,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares in the last quarter. Norges Bank acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $1,366,710,000. Schwab Charles Investment Management Inc. increased its stake in International Business Machines Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock valued at $786,478,000 after buying an additional 215,180 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in 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. Finally, LSV Asset Management increased its stake in 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. Institutional investors own 58.73% of the company’s stock.

International Business Machines Corporation (NYSE IBM) remained flat at $141.84 during mid-day trading on Friday. The stock had a trading volume of 3,004,360 shares. International Business Machines Corporation has a 12 month low of $141.19 and a 12 month high of $182.79. The stock’s 50-day moving average is $149.20 and its 200 day moving average is $162.50. The firm 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 (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the previous year, the business posted $2.95 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Corporation will post $13.74 EPS for the current fiscal 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 issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.23%. International Business Machines Corporation’s dividend payout ratio is 49.88%.

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

In other International Business Machines Corporation news, Director James W. Owens purchased 1,718 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

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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