Schroder Investment Management Group Trims Stock Position in International Business Machines Corporation $IBM

Schroder Investment Management Group lessened its holdings in International Business Machines Corporation (NYSE:IBM) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,052,925 shares of the technology company’s stock after selling 183,228 shares during the period. Schroder Investment Management Group’s holdings in International Business Machines were worth $297,093,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IBM. Mattson Financial Services LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at approximately $852,000. Vise Technologies Inc. purchased a new stake in International Business Machines in the 2nd quarter worth $16,565,000. Vanguard Group Inc. increased its stake in International Business Machines by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after buying an additional 1,913,708 shares in the last quarter. Thames Capital Management LLC purchased a new position in shares of International Business Machines in the second quarter valued at about $2,710,000. Finally, Waverton Investment Management Ltd lifted its position in shares of International Business Machines by 3.3% in the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock valued at $280,439,000 after acquiring an additional 32,072 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of International Business Machines in a research note on Monday, February 23rd. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 target price on the stock in a report on Wednesday, February 25th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of International Business Machines in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.87.

Insider Buying and Selling

In other International Business Machines news, Director David N. Farr bought 1,000 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were purchased at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the purchase, the director owned 9,258 shares in the company, valued at $2,814,432. This represents a 12.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Miebach purchased 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the acquisition, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 1,484 shares of company stock worth $417,157. Insiders own 0.18% of the company’s stock.

International Business Machines Trading Up 0.6%

IBM stock opened at $258.19 on Monday. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The stock has a market capitalization of $242.19 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. The firm’s fifty day simple moving average is $281.73 and its two-hundred day simple moving average is $284.58.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The firm had revenue of $19.69 billion during the quarter, compared to analyst estimates of $19.23 billion. During the same quarter last year, the business earned $3.92 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s payout ratio is 60.27%.

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.