Vista Capital Partners Inc. reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,633 shares of the technology company’s stock after selling 120 shares during the period. Vista Capital Partners Inc.’s holdings in International Business Machines Corporation were worth $251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia increased its holdings in 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 valued at $85,677,000 after buying an additional 428,011 shares in the last quarter. AQR Capital Management LLC increased its holdings in 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 valued at $266,651,000 after buying an additional 370,700 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in 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 valued at $112,830,000 after buying an additional 267,588 shares in the last quarter. DnB Asset Management AS increased its holdings in 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 valued at $54,293,000 after buying an additional 257,462 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in International Business Machines Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock valued at $786,478,000 after buying an additional 215,180 shares in the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same period in the previous year, the firm posted $2.95 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is presently 49.88%.

A number of brokerages have issued reports on IBM. Wedbush reaffirmed a “neutral” rating and issued a $155.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $160.00 target price on shares of International Business Machines Corporation in a report on Friday, August 18th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $125.00 target price on shares of International Business Machines Corporation in a report on Thursday. Vetr cut shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price for the company. in a report on Monday, August 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus price target of $157.12.

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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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