Fiera Capital Corp decreased its position in International Business Machines Corporation (NYSE:IBM) by 33.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,278 shares of the technology company’s stock after selling 1,150 shares during the quarter. Fiera Capital Corp’s holdings in International Business Machines were worth $350,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Asset Management Advisors LLC grew its position in shares of International Business Machines by 11.0% during the second quarter. Asset Management Advisors LLC now owns 53,816 shares of the technology company’s stock worth $8,279,000 after buying an additional 5,312 shares in the last quarter. HGK Asset Management Inc. bought a new position in International Business Machines during the second quarter worth $11,494,000. Riverhead Capital Management LLC lifted its stake in International Business Machines by 18.2% during the second quarter. Riverhead Capital Management LLC now owns 32,124 shares of the technology company’s stock worth $4,942,000 after purchasing an additional 4,941 shares during the last quarter. AJO LP lifted its stake in International Business Machines by 495.4% during the second quarter. AJO LP now owns 26,914 shares of the technology company’s stock worth $4,140,000 after purchasing an additional 22,394 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in International Business Machines by 4.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 51,153 shares of the technology company’s stock worth $7,870,000 after purchasing an additional 2,127 shares during the last quarter. 57.26% of the stock is owned by institutional investors.

IBM has been the topic of several research analyst reports. UBS restated a “neutral” rating and set a $160.00 price objective (up from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Jefferies Group restated a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a research note on Thursday, September 21st. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective on the stock in a research note on Wednesday. Cantor Fitzgerald restated a “hold” rating and set a $154.00 price objective on shares of International Business Machines in a research note on Friday, October 13th. Finally, Wedbush restated a “neutral” rating and set a $155.00 price objective on shares of International Business Machines in a research note on Wednesday, August 9th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and an average target price of $159.24.

International Business Machines Corporation (NYSE IBM) traded down $1.25 during trading hours on Thursday, reaching $154.10. The company had a trading volume of 3,410,700 shares, compared to its average volume of 4,260,154. The firm has a market capitalization of $143,821.70, a price-to-earnings ratio of 11.37, a P/E/G ratio of 2.27 and a beta of 0.94. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

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

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s payout ratio is currently 50.13%.

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International Business Machines 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.

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

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