Autus Asset Management LLC reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,004 shares of the technology company’s stock after selling 220 shares during the quarter. Autus Asset Management LLC’s holdings in International Business Machines were worth $462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CKW Financial Group grew its stake in shares of International Business Machines by 0.3% during the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after buying an additional 3 shares during the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of International Business Machines by 0.5% in the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after acquiring an additional 7 shares during the period. Milestone Group Inc. increased its position in shares of International Business Machines by 0.4% in the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after acquiring an additional 8 shares during the period. Gilbert & Cook Inc. increased its position in shares of International Business Machines by 0.6% in the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after acquiring an additional 12 shares during the period. Finally, BSW Wealth Partners increased its position in shares of International Business Machines by 0.4% in the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after acquiring an additional 14 shares during the period. 58.43% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) opened at $151.84 on Friday. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The company has a market capitalization of $140,572.11, a PE ratio of 11.12, a PEG ratio of 2.22 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same period last year, the firm earned $3.29 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 50.13%.

Several equities analysts recently issued reports on IBM shares. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $160.00 price target on shares of International Business Machines in a research report on Wednesday, November 15th. BidaskClub raised International Business Machines from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Goldman Sachs Group Inc set a $170.00 price target on International Business Machines and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. International Business Machines has a consensus rating of “Hold” and a consensus price target of $158.93.

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International Business Machines 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.

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

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