Carl Domino Inc decreased its stake in International Business Machines Corporation (NYSE:IBM) by 14.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 6,834 shares of the technology company’s stock after selling 1,125 shares during the period. Carl Domino Inc’s holdings in International Business Machines Corporation were worth $1,190,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bank purchased a new position in shares of International Business Machines Corporation during the first quarter valued at about $1,416,000. Nadler Financial Group Inc. raised its stake in shares of International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock valued at $452,000 after buying an additional 320 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock valued at $1,132,000 after buying an additional 782 shares in the last quarter. First Command Financial Services Inc. raised its stake in shares of International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock valued at $1,196,000 after buying an additional 389 shares in the last quarter. Finally, Barry Investment Advisors LLC raised its stake in shares of International Business Machines Corporation by 8.4% in the first quarter. Barry Investment Advisors LLC now owns 3,181 shares of the technology company’s stock valued at $554,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.403% on Tuesday, reaching $140.895. The company’s stock had a trading volume of 564,757 shares. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The company’s 50 day moving average is $146.92 and its 200-day moving average is $160.78. The firm has a market cap of $131.31 billion, a price-to-earnings ratio of 11.694 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 earnings per share. Equities research analysts expect that International Business Machines Corporation will post $13.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be paid a $1.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.28%. International Business Machines Corporation’s dividend payout ratio is 49.88%.

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IBM has been the topic of several analyst reports. Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a research report on Monday, May 15th. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 target price on the stock in a research report on Wednesday, June 7th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $110.00 target price (down from $125.00) on shares of International Business Machines Corporation in a research report on Monday, July 17th. UBS AG reaffirmed a “neutral” rating and issued a $159.00 target price (down from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, June 9th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $157.40.

International Business Machines Corporation Company 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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