Oppenheimer Asset Management Inc. Decreases Holdings in International Business Machines Corp. (IBM)

Oppenheimer Asset Management Inc. lessened its stake in shares of International Business Machines Corp. (NYSE:IBM) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 66,257 shares of the technology company’s stock after selling 946 shares during the period. Oppenheimer Asset Management Inc.’s holdings in International Business Machines were worth $9,613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares during the last quarter. BlackRock Inc. grew its stake in shares of International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of International Business Machines by 4.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock worth $763,790,000 after buying an additional 216,212 shares during the last quarter. Legal & General Group Plc grew its stake in shares of International Business Machines by 2.5% during the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock worth $715,252,000 after buying an additional 119,747 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of International Business Machines by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 4,826,502 shares of the technology company’s stock worth $700,229,000 after buying an additional 175,289 shares during the last quarter. 57.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Business Machines Corp. (NYSE IBM) opened at $147.59 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. The company has a market cap of $142,433.02, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.01 earnings per share. equities research analysts expect that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.07%. International Business Machines’s dividend payout ratio (DPR) is currently 98.20%.

IBM has been the topic of a number of research reports. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price on the stock in a research note on Wednesday, November 15th. Zacks Investment Research cut shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Societe Generale set a $149.00 price objective on shares of International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 19th. KeyCorp reissued a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. Finally, Morgan Stanley boosted their price objective on shares of International Business Machines to $198.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $164.37.

In other news, Director Frederick H. Waddell purchased 610 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were acquired at an average price of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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