Nissay Asset Management Corp Japan ADV Lowers Holdings in International Business Machines Co. (NYSE:IBM)

Nissay Asset Management Corp Japan ADV reduced its position in International Business Machines Co. (NYSE:IBM) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,955 shares of the technology company’s stock after selling 3,532 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in International Business Machines were worth $16,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Live Oak Investment Partners acquired a new position in shares of International Business Machines in the 4th quarter valued at about $30,000. GW&K Investment Management LLC acquired a new position in International Business Machines during the 1st quarter worth approximately $33,000. First Command Advisory Services Inc. acquired a new position in International Business Machines during the 1st quarter worth approximately $37,000. Kepos Capital LP acquired a new position in International Business Machines during the 4th quarter worth approximately $42,000. Finally, ZRC Wealth Management LLC acquired a new position in International Business Machines during the 1st quarter worth approximately $43,000. 56.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBM has been the topic of several recent research reports. Bank of America boosted their price target on International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Stifel Nicolaus upped their target price on International Business Machines from $140.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $135.00 target price on shares of International Business Machines in a research report on Thursday, July 20th. Finally, BMO Capital Markets upped their target price on International Business Machines from $145.00 to $150.00 and gave the company a “market perform” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $141.75.

International Business Machines Price Performance

Shares of NYSE IBM opened at $147.68 on Monday. International Business Machines Co. has a twelve month low of $115.54 and a twelve month high of $153.21. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $134.54 billion, a price-to-earnings ratio of 68.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.85. The business has a 50 day simple moving average of $141.21 and a 200-day simple moving average of $133.10.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.18. The firm had revenue of $15.48 billion during the quarter, compared to the consensus estimate of $15.58 billion. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 EPS. As a group, equities research analysts expect that International Business Machines Co. will post 9.43 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $6.64 dividend on an annualized basis and a yield of 4.50%. International Business Machines’s payout ratio is currently 307.41%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.