NS Partners Ltd maintained its stake in International Business Machines Corporation (NYSE:IBM) during the first quarter, Holdings Channel reports. The fund owned 1,325 shares of the technology company’s stock at the end of the first quarter. NS Partners Ltd’s holdings in International Business Machines Corporation were worth $231,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $117,000. Jackson Grant Investment Advisers Inc. boosted its stake in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares during the period. CKW Financial Group boosted its stake in International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the period. Grisanti Capital Management LLC boosted its stake in International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after buying an additional 20 shares during the period. Finally, Capital Management Associates NY acquired a new stake in International Business Machines Corporation during the first quarter valued at about $200,000. 58.73% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (IBM) remained flat at $141.84 during mid-day trading on Friday. The stock had a trading volume of 3,004,360 shares. The company’s 50 day moving average price is $149.20 and its 200-day moving average price is $162.50. International Business Machines Corporation has a 12-month low of $141.19 and a 12-month high of $182.79. The stock has a market capitalization of $132.19 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.95 EPS. On average, analysts expect that International Business Machines Corporation will post $13.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be given a $1.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.23%. International Business Machines Corporation’s payout ratio is currently 49.88%.

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Several equities research analysts have issued reports on the company. Vetr cut International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 target price for the company. in a research note on Monday, April 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price (down previously from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Societe Generale cut International Business Machines Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC reissued a “sell” rating and set a $135.00 target price (down previously from $145.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company. International Business Machines Corporation presently has an average rating of “Hold” and an average price target of $157.40.

In other news, Director James W. Owens acquired 1,718 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, with a total value of $263,180.42. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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