Strs Ohio decreased its position in shares of International Business Machines Corp. (NYSE:IBM) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980,819 shares of the technology company’s stock after selling 14,206 shares during the period. International Business Machines Corp. accounts for approximately 0.7% of Strs Ohio’s investment portfolio, making the stock its 29th largest position. Strs Ohio owned 0.10% of International Business Machines Corp. worth $148,868,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new stake in International Business Machines Corp. during the second quarter worth $120,000. Alpha Windward LLC raised its stake in International Business Machines Corp. by 1.1% in the second quarter. Alpha Windward LLC now owns 1,324 shares of the technology company’s stock worth $201,000 after buying an additional 15 shares in the last quarter. Allen Investment Management LLC purchased a new stake in International Business Machines Corp. during the first quarter worth $205,000. Mitchell Sinkler & Starr PA raised its stake in International Business Machines Corp. by 3.1% in the second quarter. Mitchell Sinkler & Starr PA now owns 1,516 shares of the technology company’s stock worth $230,000 after buying an additional 45 shares in the last quarter. Finally, Independence Advisors LLC purchased a new stake in International Business Machines Corp. during the second quarter worth $231,000. Institutional investors and hedge funds own 57.61% of the company’s stock.

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

International Business Machines Corp. (NYSE:IBM) traded down 0.77% during midday trading on Friday, reaching $155.67. 2,671,852 shares of the company were exchanged. The firm’s 50 day moving average price is $157.52 and its 200-day moving average price is $154.03. The stock has a market capitalization of $148.80 billion, a P/E ratio of 12.66 and a beta of 0.88. International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $165.00.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.06. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.03 billion. During the same quarter in the prior year, the company earned $3.84 EPS. International Business Machines Corp.’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that International Business Machines Corp. will post $13.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.60%. International Business Machines Corp.’s payout ratio is 45.53%.

A number of analysts have weighed in on IBM shares. Vetr upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $153.81 price objective for the company in a research note on Monday, June 27th. JMP Securities restated a “buy” rating and set a $157.00 price objective on shares of International Business Machines Corp. in a research note on Thursday, June 23rd. Drexel Hamilton restated a “buy” rating and set a $166.00 price objective on shares of International Business Machines Corp. in a research note on Friday, July 15th. Morgan Stanley restated a “buy” rating and set a $168.00 price objective on shares of International Business Machines Corp. in a research note on Sunday, July 17th. Finally, Zacks Investment Research upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research note on Monday, July 18th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $154.47.

In other news, insider Erich Clementi sold 2,984 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $159.00, for a total transaction of $474,456.00. Following the sale, the insider now owns 22,531 shares of the company’s stock, valued at approximately $3,582,429. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Picciano sold 1,922 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total transaction of $305,905.52. Following the sale, the insider now directly owns 35,861 shares in the company, valued at approximately $5,707,636.76. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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