Geneva Advisors LLC reduced its stake in shares of International Business Machines Corp. (NYSE:IBM) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,033 shares of the technology company’s stock after selling 199 shares during the period. Geneva Advisors LLC’s holdings in International Business Machines Corp. were worth $3,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Montag A & Associates Inc. raised its position 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 valued at $6,649,000 after buying an additional 553 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of International Business Machines Corp. during the second quarter valued at about $106,016,000. Alexandria Capital LLC raised its position in shares of 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 during the period. Thomaspartners Inc. raised its position in shares of 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 during the period. Finally, Moore Capital Management LP acquired a new position in shares of International Business Machines Corp. during the first quarter valued at about $1,469,000. 57.63% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) remained flat at $154.87 during midday trading on Tuesday. 1,571,276 shares of the stock traded hands. International Business Machines Corp. has a one year low of $116.90 and a one year high of $164.95. The stock has a 50-day moving average of $159.60 and a 200-day moving average of $152.80. The stock has a market cap of $148.03 billion, a price-to-earnings ratio of 12.59 and a beta of 0.77.

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

The business also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Monday, August 8th. International Business Machines Corp.’s payout ratio is currently 45.53%.

Several research analysts have recently issued reports on IBM shares. JMP Securities reaffirmed a “buy” rating and issued a $157.00 target price on shares of International Business Machines Corp. in a research note on Thursday, June 23rd. Vetr raised shares of International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 target price on the stock in a research note on Monday, August 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of International Business Machines Corp. in a research note on Wednesday, June 29th. Barclays PLC reaffirmed an “underweight” rating on shares of International Business Machines Corp. in a research note on Tuesday, August 30th. Finally, Zacks Investment Research downgraded shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. International Business Machines Corp. presently has an average rating of “Hold” and an average price target of $153.22.

In related news, insider Robert J. Picciano sold 1,922 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total value of $305,905.52. Following the completion of the sale, the insider now directly owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Leblanc sold 15,708 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total value of $2,548,623.00. Following the completion of the sale, the insider now directly owns 61,374 shares of the company’s stock, valued at $9,957,931.50. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

About International Business Machines Corp.

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).

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