Cobiz Wealth LLC lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,822 shares of the technology company’s stock after selling 7 shares during the quarter. Cobiz Wealth LLC’s holdings in International Business Machines Corporation were worth $280,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of IBM. Bank of Nova Scotia boosted its stake 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 worth $85,677,000 after purchasing an additional 428,011 shares in the last quarter. AQR Capital Management LLC boosted its stake 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 worth $266,651,000 after purchasing an additional 370,700 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake 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 worth $112,830,000 after purchasing an additional 267,588 shares in the last quarter. DnB Asset Management AS boosted its stake 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 worth $54,293,000 after purchasing an additional 257,462 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake 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 worth $786,478,000 after purchasing an additional 215,180 shares in the last quarter. 57.87% of the stock is currently owned by institutional investors.

IBM has been the topic of a number of recent analyst reports. UBS AG reissued a “hold” rating and issued a $152.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, September 5th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Morgan Stanley reissued an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective on the stock in a research note on Monday, July 31st. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $157.12.

International Business Machines Corporation (IBM) traded down 0.09% during mid-day trading on Friday, hitting $145.13. The stock had a trading volume of 2,792,323 shares. The stock has a market cap of $135.25 billion, a PE ratio of 12.04 and a beta of 0.97. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The firm’s 50-day moving average price is $143.19 and its 200-day moving average price is $155.58.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the prior year, the business earned $2.95 earnings per share. International Business Machines Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current year.

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

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About International Business Machines Corporation

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.

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

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