International Business Machines Corporation $IBM Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in International Business Machines Corporation (NYSE:IBM) by 5.5% during the third quarter, Holdings Channel reports. The firm owned 69,355 shares of the technology company’s stock after selling 4,062 shares during the period. Candriam S.C.A.’s holdings in International Business Machines were worth $19,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in International Business Machines during the second quarter worth about $27,000. Mountain Hill Investment Partners Corp. acquired a new stake in International Business Machines during the 3rd quarter worth approximately $28,000. Trifecta Capital Advisors LLC raised its holdings in International Business Machines by 129.1% in the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after buying an additional 71 shares during the period. Copia Wealth Management lifted its position in International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after buying an additional 49 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its position in International Business Machines by 48.5% during the second quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock valued at $43,000 after buying an additional 48 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.8%

Shares of NYSE IBM opened at $296.51 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The stock’s 50-day simple moving average is $301.92 and its 200-day simple moving average is $283.91. The firm has a market cap of $277.16 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.00 and a beta of 0.69.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The firm had revenue of $19.69 billion during the quarter, compared to analyst estimates of $19.23 billion. During the same quarter last year, the firm earned $3.92 EPS. International Business Machines’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s dividend payout ratio is currently 60.27%.

Insider Buying and Selling

In related news, Director David N. Farr acquired 1,000 shares of International Business Machines stock in a transaction on Friday, January 30th. The shares were purchased at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the purchase, the director directly owned 9,258 shares of the company’s stock, valued at $2,814,432. The trade was a 12.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

IBM has been the topic of a number of research reports. Royal Bank Of Canada set a $361.00 target price on shares of International Business Machines in a research note on Thursday, January 29th. Oppenheimer set a $380.00 price objective on International Business Machines and gave the company an “outperform” rating in a research report on Thursday, January 29th. Erste Group Bank raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. Morgan Stanley set a $304.00 target price on International Business Machines in a research note on Thursday, January 29th. Finally, Jefferies Financial Group boosted their price target on International Business Machines from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $330.07.

About International Business Machines

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.