Nomura Asset Management Co. Ltd. raised its holdings in International Business Machines Corp. (NYSE:IBM) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,980 shares of the technology company’s stock after buying an additional 13,747 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in International Business Machines were worth $24,806,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. B. Riley Financial Inc. acquired a new stake in shares of International Business Machines in the 3rd quarter valued at $255,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of International Business Machines by 4.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock valued at $763,790,000 after purchasing an additional 216,212 shares in the last quarter. Bell Bank boosted its stake in shares of International Business Machines by 1.4% in the 3rd quarter. Bell Bank now owns 36,753 shares of the technology company’s stock valued at $5,332,000 after purchasing an additional 500 shares in the last quarter. Aureus Asset Management LLC boosted its stake in shares of International Business Machines by 11.4% in the 3rd quarter. Aureus Asset Management LLC now owns 3,912 shares of the technology company’s stock valued at $568,000 after purchasing an additional 400 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of International Business Machines by 7.1% in the 3rd quarter. Synovus Financial Corp now owns 72,946 shares of the technology company’s stock valued at $10,611,000 after purchasing an additional 4,809 shares in the last quarter. 57.06% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Corp. (IBM) opened at $155.34 on Wednesday. The stock has a market cap of $141,210.97, a PE ratio of 11.03, a P/E/G ratio of 2.23 and a beta of 0.94. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.79.

International Business Machines (NYSE:IBM) last released its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. During the same period in the prior year, the company posted $5.01 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. analysts forecast that International Business Machines Corp. will post 13.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.86%. International Business Machines’s payout ratio is presently 98.20%.

In other International Business Machines news, Director Frederick H. Waddell bought 610 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

IBM has been the topic of several recent analyst reports. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price on the stock in a research note on Wednesday, November 15th. Zacks Investment Research downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Societe Generale set a $149.00 target price on shares of International Business Machines and gave the company a “sell” rating in a research note on Friday, January 19th. KeyCorp restated a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. Finally, Morgan Stanley boosted their target price on shares of International Business Machines to $198.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $164.37.

COPYRIGHT VIOLATION WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/nomura-asset-management-co-ltd-has-24-81-million-holdings-in-international-business-machines-corp-ibm/1850038.html.

About International Business Machines

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corp. (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.