FineMark National Bank & Trust reduced its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,486 shares of the technology company’s stock after selling 1,300 shares during the quarter. FineMark National Bank & Trust’s holdings in International Business Machines Corporation were worth $3,767,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC increased its holdings in International Business Machines Corporation by 18.9% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after acquiring an additional 12,236 shares during the period. Pinnacle Bank bought a new stake in International Business Machines Corporation during the 1st quarter worth approximately $1,416,000. Intellectus Partners LLC increased its holdings in International Business Machines Corporation by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after acquiring an additional 1,496 shares during the period. CKW Financial Group increased its holdings in International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the period. Finally, Argus Investors Counsel Inc. increased its holdings in International Business Machines Corporation by 10.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after acquiring an additional 2,651 shares during the period. 57.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (NYSE:IBM) opened at 144.55 on Tuesday. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The stock has a market capitalization of $134.71 billion, a PE ratio of 12.00 and a beta of 0.97. The stock has a 50 day moving average of $143.20 and a 200 day moving average of $155.84.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.95 earnings per share. Analysts forecast that International Business Machines Corporation will post $13.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is presently 49.88%.

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A number of analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $155.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 target price on shares of International Business Machines Corporation in a report on Friday, August 18th. ValuEngine lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price on the stock. in a report on Monday, August 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $157.12.

International Business Machines Corporation 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.

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

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