Delaney Dennis R lowered its position in International Business Machines Corp. (NYSE:IBM) by 26.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,400 shares of the technology company’s stock after selling 500 shares during the period. Delaney Dennis R’s holdings in International Business Machines Corp. were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. boosted its stake in shares of International Business Machines Corp. by 1.3% in the second quarter. Montag A & Associates Inc. now owns 43,807 shares of the technology company’s stock worth $6,649,000 after buying an additional 553 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in International Business Machines Corp. during the second quarter valued at approximately $106,016,000. Alexandria Capital LLC boosted its stake in International Business Machines Corp. by 21.3% in the second quarter. Alexandria Capital LLC now owns 13,085 shares of the technology company’s stock valued at $1,986,000 after buying an additional 2,300 shares in the last quarter. Thomaspartners Inc. boosted its stake in International Business Machines Corp. by 66.6% in the first quarter. Thomaspartners Inc. now owns 1,277,266 shares of the technology company’s stock valued at $193,442,000 after buying an additional 510,586 shares in the last quarter. Finally, Moore Capital Management LP acquired a new stake in International Business Machines Corp. during the first quarter valued at approximately $1,469,000. 57.61% of the stock is currently owned by institutional investors.

International Business Machines Corp. (NYSE:IBM) traded up 0.4015% during midday trading on Wednesday, reaching $155.0701. The company’s stock had a trading volume of 1,721,949 shares. The firm has a market cap of $148.22 billion, a P/E ratio of 12.6104 and a beta of 0.77. International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $164.95. The firm has a 50 day moving average price of $159.40 and a 200-day moving average price of $152.93.

International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.06. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The company earned $20.20 billion during the quarter, compared to the consensus estimate of $20.03 billion. During the same period in the prior year, the business posted $3.84 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts forecast that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were paid a dividend of $1.40 per share. The ex-dividend date was Monday, August 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.63%. International Business Machines Corp.’s dividend payout ratio is 45.53%.

Several research firms recently commented on IBM. Barclays PLC restated a “sell” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Morgan Stanley restated a “buy” rating and issued a $168.00 target price on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Vetr cut International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $148.79 target price on the stock. in a research report on Tuesday, May 31st. Finally, Credit Suisse Group AG restated an “underperform” rating and issued a $110.00 target price on shares of International Business Machines Corp. in a research report on Saturday, September 3rd. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $153.22.

In other news, insider Robert J. Picciano sold 1,922 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total value of $305,905.52. Following the sale, the insider now directly owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Leblanc sold 15,708 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the completion of the sale, the insider now directly owns 61,374 shares in the company, valued at $9,957,931.50. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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