Nisa Investment Advisors LLC Sells 20,002 Shares of International Business Machines Corporation $IBM

Nisa Investment Advisors LLC cut its stake in shares of International Business Machines Corporation (NYSE:IBM) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 202,806 shares of the technology company’s stock after selling 20,002 shares during the period. Nisa Investment Advisors LLC’s holdings in International Business Machines were worth $57,224,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IBM. G&S Capital LLC increased its holdings in International Business Machines by 3.5% in the 3rd quarter. G&S Capital LLC now owns 20,996 shares of the technology company’s stock worth $5,924,000 after purchasing an additional 703 shares in the last quarter. Next Level Private LLC boosted its stake in shares of International Business Machines by 0.3% during the third quarter. Next Level Private LLC now owns 22,016 shares of the technology company’s stock valued at $6,372,000 after purchasing an additional 65 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of International Business Machines during the third quarter worth about $349,000. Invested Advisors acquired a new position in shares of International Business Machines in the third quarter valued at approximately $808,000. Finally, BKM Wealth Management LLC boosted its position in International Business Machines by 1.9% during the 3rd quarter. BKM Wealth Management LLC now owns 8,036 shares of the technology company’s stock worth $2,268,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on IBM shares. Bank of America upped their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. BMO Capital Markets boosted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Finally, Stifel Nicolaus increased their price target on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $301.85.

International Business Machines Trading Up 2.0%

NYSE IBM opened at $302.69 on Friday. The stock has a market capitalization of $282.93 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.75 and a beta of 0.70. The business has a 50 day simple moving average of $303.61 and a 200 day simple moving average of $281.94. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 earnings per share. Research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.