International Business Machines Corporation $IBM Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC lessened its stake in International Business Machines Corporation (NYSE:IBM) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,305 shares of the technology company’s stock after selling 16,032 shares during the quarter. International Business Machines makes up approximately 2.3% of Applied Finance Capital Management LLC’s holdings, making the stock its 9th biggest holding. Applied Finance Capital Management LLC’s holdings in International Business Machines were worth $32,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CFS Investment Advisory Services LLC boosted its stake in International Business Machines by 0.4% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after purchasing an additional 34 shares in the last quarter. KPP Advisory Services LLC raised its stake in shares of International Business Machines by 1.7% during the 3rd quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock worth $584,000 after purchasing an additional 34 shares in the last quarter. Marco Investment Management LLC lifted its stake in shares of International Business Machines by 0.3% in the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock valued at $3,040,000 after purchasing an additional 34 shares during the last quarter. MA Private Wealth grew its stake in International Business Machines by 1.5% in the 3rd quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock valued at $633,000 after buying an additional 34 shares during the last quarter. Finally, Ignite Planners LLC increased its position in International Business Machines by 0.9% during the third quarter. Ignite Planners LLC now owns 4,000 shares of the technology company’s stock worth $1,129,000 after acquiring an additional 36 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on IBM. Oppenheimer set a $380.00 target price on International Business Machines and gave the stock an “outperform” rating in a report on Thursday, January 29th. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Evercore increased their target price on International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Dbs Bank upgraded International Business Machines from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Finally, Stifel Nicolaus increased their target price on shares of International Business Machines from $325.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $330.07.

Insider Activity

In related news, Director David N. Farr bought 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The shares were bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the purchase, the director directly owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $296.51 on Tuesday. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The stock has a market capitalization of $277.16 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.00 and a beta of 0.69. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92. The business’s fifty day moving average price is $301.92 and its 200-day moving average price is $283.91.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $19.69 billion for the quarter, compared to analysts’ expectations of $19.23 billion. During the same quarter in the previous year, the company earned $3.92 EPS. International Business Machines’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s dividend payout ratio is currently 60.27%.

International Business Machines Company 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.