The International Business Machines Corp. (IBM) Stake Decreased by Sanders Morris Harris Inc.

The International Business Machines Corp. (IBM) Stake Decreased by Sanders Morris Harris Inc.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of International Business Machines Corp. by 2.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,978,351 shares of the technology company’s stock worth $314,261,000 after buying an additional 38,451 shares during the period. Ruggie Capital Group boosted its position in shares of International Business Machines Corp. by 2.6% in the third quarter. Ruggie Capital Group now owns 3,048 shares of the technology company’s stock worth $484,000 after buying an additional 76 shares during the period. Princeton Alpha Management LP bought a new position in shares of International Business Machines Corp. during the third quarter worth about $2,763,000. Kempen Capital Management N.V. boosted its position in shares of International Business Machines Corp. by 0.6% in the third quarter. Kempen Capital Management N.V. now owns 142,032 shares of the technology company’s stock worth $22,563,000 after buying an additional 900 shares during the period. Finally, Seizert Capital Partners LLC bought a new position in shares of International Business Machines Corp. during the third quarter worth about $6,236,000. 58.65% of the stock is owned by institutional investors.

Sanders Morris Harris Inc. reduced its position in shares of International Business Machines Corp. (NYSE:IBM) by 21.5% during the first quarter, Holdings Channel reports. The firm owned 1,830 shares of the technology company’s stock after selling 500 shares during the period. Sanders Morris Harris Inc.’s holdings in International Business Machines Corp. were worth $319,000 as of its most recent filing with the SEC.

International Business Machines Corp. (IBM) opened at 152.05 on Monday. International Business Machines Corp. has a 12-month low of $142.50 and a 12-month high of $182.79. The company’s 50 day moving average is $156.07 and its 200 day moving average is $167.76. The firm has a market cap of $142.85 billion, a price-to-earnings ratio of 12.50 and a beta of 0.96.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.03. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.37 billion. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.35 EPS. On average, equities analysts anticipate that International Business Machines Corp. will post $13.70 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Wednesday, May 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.95%. The ex-dividend date is Monday, May 8th. This is a positive change from International Business Machines Corp.’s previous quarterly dividend of $1.40. International Business Machines Corp.’s dividend payout ratio is currently 45.16%. A number of research analysts have recently weighed in on IBM shares. Sanford C. Bernstein raised their price objective on shares of International Business Machines Corp. to $150.00 in a research note on Monday, March 6th. Vetr raised shares of International Business Machines Corp. from a “sell” rating to a “buy” rating and set a $185.08 price objective for the company in a research note on Tuesday, March 21st. Bank of America Corp reissued a “buy” rating and set a $200.00 price objective (up from $185.00) on shares of International Business Machines Corp. in a research note on Thursday, February 23rd. Drexel Hamilton raised their price objective on shares of International Business Machines Corp. from $186.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th. Finally, Argus reissued a “buy” rating and set a $192.00 price objective (up from $185.00) on shares of International Business Machines Corp. in a research note on Wednesday, March 22nd. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $164.54.

In related news, Director James W. Owens acquired 1,718 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders. About International Business Machines Corp.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IBM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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