International Business Machines Co. (NYSE:IBM) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its position in International Business Machines Co. (NYSE:IBM) by 29.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,000 shares of the technology company’s stock after selling 10,205 shares during the period. WINTON GROUP Ltd’s holdings in International Business Machines were worth $4,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. Vanguard Group Inc. raised its position in shares of International Business Machines by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after acquiring an additional 5,546,855 shares in the last quarter. Norges Bank acquired a new stake in shares of International Business Machines during the fourth quarter worth $1,019,009,000. Price T Rowe Associates Inc. MD lifted its position in shares of International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after buying an additional 2,118,165 shares during the last quarter. LSV Asset Management grew its position in shares of International Business Machines by 4.8% during the 1st quarter. LSV Asset Management now owns 1,788,047 shares of the technology company’s stock valued at $341,445,000 after buying an additional 81,887 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in International Business Machines by 1.2% during the first quarter. California State Teachers Retirement System now owns 1,503,981 shares of the technology company’s stock worth $287,200,000 after acquiring an additional 17,715 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $214.79 on Friday. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $216.09. The stock has a market capitalization of $197.85 billion, a P/E ratio of 24.33, a P/E/G ratio of 4.67 and a beta of 0.70. The firm’s 50 day moving average is $192.83 and its 200-day moving average is $183.39. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.18 earnings per share. Equities research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. Stifel Nicolaus upped their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. UBS Group boosted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group initiated coverage on International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $188.60.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.