Karpas Strategies LLC cut its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,815 shares of the technology company’s stock after selling 50 shares during the period. Karpas Strategies LLC’s holdings in International Business Machines Corporation were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IBM. Norges Bank acquired a new position in shares of International Business Machines Corporation during the fourth quarter worth about $1,366,710,000. Bank of Nova Scotia boosted its position in shares of International Business Machines Corporation by 668.8% in the first quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after buying an additional 428,011 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of International Business Machines Corporation by 31.9% in the first quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after buying an additional 370,700 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of International Business Machines Corporation by 70.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after buying an additional 267,588 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in shares of International Business Machines Corporation by 269.6% in the second quarter. DnB Asset Management AS now owns 352,944 shares of the technology company’s stock worth $54,293,000 after buying an additional 257,462 shares during the last quarter. 58.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.05% on Friday, hitting $141.77. 1,447,618 shares of the stock were exchanged. The stock’s 50-day moving average is $149.55 and its 200-day moving average is $162.71. The stock has a market cap of $132.12 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97. International Business Machines Corporation has a 1-year low of $141.19 and a 1-year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.95 earnings per share. Analysts forecast that International Business Machines Corporation will post $13.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.23%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

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Several equities research analysts have weighed in on IBM shares. Vetr lowered shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 target price on the stock. in a report on Monday, April 17th. Goldman Sachs Group, Inc. (The) cut their target price on shares of International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Drexel Hamilton reiterated a “buy” rating and issued a $200.00 target price on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $212.00 target price on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $157.40.

In other news, Director James W. Owens bought 1,718 shares of the stock in a transaction dated Tuesday, May 16th. The stock was bought at an average price of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

International Business Machines Corporation 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.

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

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