State of Alaska Department of Revenue lowered its position in International Business Machines Corporation (NYSE:IBM) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,795 shares of the technology company’s stock after selling 150 shares during the quarter. International Business Machines Corporation makes up about 0.8% of State of Alaska Department of Revenue’s portfolio, making the stock its 26th biggest position. State of Alaska Department of Revenue’s holdings in International Business Machines Corporation were worth $11,659,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Intellectus Partners LLC boosted its position 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 valued at $2,929,000 after acquiring an additional 1,496 shares in the last quarter. CKW Financial Group boosted its position 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 valued at $163,000 after acquiring an additional 121 shares in the last quarter. Stevens Capital Management LP bought a new stake in International Business Machines Corporation during the 1st quarter valued at $12,488,000. Wellington Shields & Co. LLC boosted its position in International Business Machines Corporation by 1.0% during the 1st quarter. Wellington Shields & Co. LLC now owns 29,440 shares of the technology company’s stock valued at $5,127,000 after acquiring an additional 300 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in International Business Machines Corporation during the 1st quarter valued at $1,103,000. 57.87% of the stock is currently owned by institutional investors.

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Several analysts have issued reports on the company. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 target price (down previously from $165.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price on the stock in a research report on Monday, June 19th. 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’s stock. The company presently has an average rating of “Hold” and a consensus price target of $157.12.

International Business Machines Corporation (NYSE IBM) traded down 0.40% during trading on Friday, hitting $145.08. The company’s stock had a trading volume of 2,654,731 shares. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a 50-day moving average of $143.19 and a 200 day moving average of $155.58. The firm has a market cap of $135.21 billion, a PE ratio of 12.04 and a beta of 0.97.

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

The company also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.14%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

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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