Nomura Asset Management Co. Ltd. Cuts Position in International Business Machines Co. (NYSE:IBM)

Nomura Asset Management Co. Ltd. cut its stake in International Business Machines Co. (NYSE:IBM) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 524,107 shares of the technology company’s stock after selling 3,070 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of International Business Machines worth $85,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in International Business Machines by 0.4% during the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after buying an additional 365,388 shares during the period. Morgan Stanley raised its stake in shares of International Business Machines by 13.4% during the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after acquiring an additional 1,919,490 shares during the last quarter. Northern Trust Corp raised its stake in shares of International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after acquiring an additional 404,948 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of International Business Machines by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock valued at $1,048,631,000 after acquiring an additional 61,028 shares during the last quarter. Finally, Norges Bank bought a new position in shares of International Business Machines during the fourth quarter valued at about $1,019,009,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IBM shares. UBS Group upped their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. lowered their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Bank of America increased their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research note on Thursday, May 16th. Finally, StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average price target of $181.29.

International Business Machines Stock Up 0.1 %

Shares of NYSE IBM traded up $0.22 on Friday, reaching $170.89. 2,584,355 shares of the company’s stock traded hands, compared to its average volume of 4,752,080. International Business Machines Co. has a 12 month low of $125.01 and a 12 month high of $199.18. The business’s 50 day simple moving average is $179.53 and its two-hundred day simple moving average is $173.71. The company has a market cap of $156.98 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 4.28 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. As a group, equities research analysts forecast that International Business Machines Co. will post 9.91 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.91%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.