Atlantic Trust LLC lowered its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 9.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,704 shares of the technology company’s stock after selling 1,028 shares during the period. Atlantic Trust LLC’s holdings in International Business Machines were worth $1,408,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Garde Capital Inc. purchased a new position in International Business Machines during the 3rd quarter valued at approximately $789,000. Archford Capital Strategies LLC grew its holdings in International Business Machines by 6.0% during the 3rd quarter. Archford Capital Strategies LLC now owns 13,954 shares of the technology company’s stock valued at $2,024,000 after buying an additional 794 shares in the last quarter. Gyroscope Capital Management Group LLC grew its holdings in International Business Machines by 785.2% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 43,739 shares of the technology company’s stock valued at $6,346,000 after buying an additional 38,798 shares in the last quarter. Cypress Capital Group grew its holdings in International Business Machines by 12.2% during the 3rd quarter. Cypress Capital Group now owns 10,995 shares of the technology company’s stock valued at $1,596,000 after buying an additional 1,194 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in International Business Machines during the 3rd quarter valued at approximately $1,039,000. Hedge funds and other institutional investors own 57.08% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $154.76 on Thursday. International Business Machines Corp. has a one year low of $139.13 and a one year high of $182.79. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $143,280.00, a P/E ratio of 25.33, a P/E/G ratio of 2.21 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same period last year, the company earned $5.01 EPS. International Business Machines’s quarterly revenue was up 3.6% compared to the same quarter last year. analysts anticipate that International Business Machines Corp. will post 13.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 98.20%.

Several equities analysts have weighed in on IBM shares. Stifel Nicolaus restated a “buy” rating and set a $182.00 price target on shares of International Business Machines in a report on Wednesday, October 18th. Pivotal Research started coverage on International Business Machines in a report on Friday, October 27th. They set a “buy” rating and a $180.00 price target for the company. Vetr upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 price target for the company in a report on Tuesday, October 24th. Tigress Financial restated a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Finally, Bank of America restated a “buy” rating and set a $200.00 price target on shares of International Business Machines in a report on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $164.37.

In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by company insiders.

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International Business Machines 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.

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

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