Nomura Asset Management Co. Ltd. decreased its stake in International Business Machines Corporation (NYSE:IBM) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,068 shares of the technology company’s stock after selling 2,962 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in International Business Machines Corporation were worth $27,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. Proficio Capital Partners LLC increased its position in International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares during the last quarter. CKW Financial Group increased its position in International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the last quarter. Grisanti Capital Management LLC increased its position in International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after buying an additional 20 shares during the last quarter. Capital Management Associates NY acquired a new position in International Business Machines Corporation during the first quarter valued at $200,000. Finally, Chicago Equity Partners LLC acquired a new position in International Business Machines Corporation during the first quarter valued at $207,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded down 0.71% during trading on Friday, hitting $139.70. 4,152,714 shares of the stock were exchanged. The firm has a market capitalization of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. International Business Machines Corporation has a 1-year low of $139.58 and a 1-year high of $182.79. The company has a 50-day moving average price of $147.30 and a 200 day moving average price of $161.22.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data 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. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 EPS. Equities analysts predict that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.29%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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Several research firms have weighed in on IBM. Pacific Crest began coverage on shares of International Business Machines Corporation in a report on Thursday, May 18th. They set an “equal weight” rating and a $151.35 price objective on the stock. Stifel Nicolaus restated a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Royal Bank Of Canada restated a “sector perform” rating and set a $160.00 price objective (down previously from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price objective on the stock in a report on Monday, May 15th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $157.40.

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.

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

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