Voya Investment Management LLC Decreases Stock Holdings in International Business Machines Corporation $IBM

Voya Investment Management LLC reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,343 shares of the technology company’s stock after selling 20,693 shares during the period. Voya Investment Management LLC’s holdings in International Business Machines were worth $57,940,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Family CFO Inc bought a new stake in shares of International Business Machines in the 2nd quarter worth approximately $25,000. Winnow Wealth LLC purchased a new position in International Business Machines during the 2nd quarter valued at $27,000. Highline Wealth Partners LLC raised its holdings in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares in the last quarter. Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, Copia Wealth Management boosted its stake in shares of International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $300.94 on Friday. The company has a 50 day moving average of $301.03 and a 200 day moving average of $279.56. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The firm has a market cap of $281.30 billion, a P/E ratio of 36.00, a PEG ratio of 2.99 and a beta of 0.69.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.30 EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer started coverage on shares of International Business Machines in a report on Friday, November 21st. They issued an “outperform” rating and a $360.00 price objective for the company. Stifel Nicolaus raised their target price on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. UBS Group reaffirmed a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Finally, Morgan Stanley reduced their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.