Neuberger Berman Group LLC cut its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 15.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 409,321 shares of the technology company’s stock after selling 73,813 shares during the period. Neuberger Berman Group LLC’s holdings in International Business Machines Corporation were worth $62,966,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. State Street Corp grew its stake in shares of International Business Machines Corporation by 0.4% during the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after acquiring an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of International Business Machines Corporation by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after acquiring an additional 134,862 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of International Business Machines Corporation by 3.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock valued at $432,053,000 after acquiring an additional 88,708 shares in the last quarter. LSV Asset Management grew its stake in shares of International Business Machines Corporation by 2.3% during the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after acquiring an additional 59,030 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of International Business Machines Corporation by 11.6% during the second quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after acquiring an additional 261,720 shares in the last quarter. Institutional investors own 58.25% of the company’s stock.

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IBM has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a research note on Friday, July 21st. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 price target on shares of International Business Machines Corporation in a research note on Friday, October 13th. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Goldman Sachs Group, Inc. (The) set a $170.00 price target on International Business Machines Corporation and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Finally, ValuEngine downgraded International Business Machines Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Eight investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $158.90.

International Business Machines Corporation (IBM) opened at $148.89 on Wednesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The stock has a market cap of $137,387.44, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.29 earnings per share. equities analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 4.03%. International Business Machines Corporation’s dividend payout ratio (DPR) is 50.13%.

International Business Machines Corporation declared that its board has initiated a stock buyback program on Tuesday, October 31st that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.

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

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