Knott David M continued to hold its stake in International Business Machines Corp. (NYSE:IBM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,284 shares of the technology company’s stock at the end of the fourth quarter. International Business Machines Corp. makes up 0.4% of Knott David M’s portfolio, making the stock its 26th largest position. Knott David M’s holdings in International Business Machines Corp. were worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IBM. American Investment Services Inc. increased its position in International Business Machines Corp. by 82.6% in the third quarter. American Investment Services Inc. now owns 67,629 shares of the technology company’s stock worth $10,743,000 after buying an additional 30,594 shares during the period. Goelzer Investment Management Inc. increased its position in International Business Machines Corp. by 0.7% in the third quarter. Goelzer Investment Management Inc. now owns 39,301 shares of the technology company’s stock worth $6,243,000 after buying an additional 287 shares during the period. Concorde Asset Management LLC purchased a new position in International Business Machines Corp. during the third quarter worth $1,453,000. Guyasuta Investment Advisors Inc. increased its position in International Business Machines Corp. by 4.8% in the third quarter. Guyasuta Investment Advisors Inc. now owns 125,144 shares of the technology company’s stock worth $19,879,000 after buying an additional 5,690 shares during the period. Finally, First National Trust Co. increased its position in International Business Machines Corp. by 1.6% in the third quarter. First National Trust Co. now owns 28,512 shares of the technology company’s stock worth $4,529,000 after buying an additional 437 shares during the period. 58.65% of the stock is owned by institutional investors and hedge funds.

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

Shares of International Business Machines Corp. (NYSE:IBM) opened at 175.70 on Tuesday. International Business Machines Corp. has a one year low of $142.50 and a one year high of $182.79. The firm has a market cap of $165.72 billion, a P/E ratio of 14.19 and a beta of 0.96. The firm’s 50-day moving average price is $178.41 and its 200 day moving average price is $165.09.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Thursday, January 19th. The technology company reported $5.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.88 by $0.13. The firm earned $21.77 billion during the quarter, compared to the consensus estimate of $21.69 billion. International Business Machines Corp. had a return on equity of 78.32% and a net margin of 14.85%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.84 earnings per share. Analysts predict that International Business Machines Corp. will post $13.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $5.60 annualized dividend and a dividend yield of 3.19%. International Business Machines Corp.’s dividend payout ratio is 45.16%.

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A number of equities analysts have weighed in on IBM shares. Morgan Stanley upped their price target on International Business Machines Corp. to $9.00 in a research report on Thursday, January 12th. Sanford C. Bernstein upped their price target on International Business Machines Corp. to $150.00 in a research report on Monday, March 6th. Drexel Hamilton reaffirmed a “buy” rating and set a $186.00 price target on shares of International Business Machines Corp. in a research report on Tuesday, January 17th. Vetr raised International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $166.23 price target for the company in a research report on Thursday, December 1st. Finally, Stifel Nicolaus upped their price target on International Business Machines Corp. from $165.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, January 12th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $168.94.

In related news, insider James J. Kavanaugh sold 559 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $178.31, for a total transaction of $99,675.29. Following the completion of the sale, the insider now owns 29,856 shares in the company, valued at $5,323,623.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $179.18, for a total value of $895,900.00. Following the sale, the insider now owns 20,952 shares of the company’s stock, valued at approximately $3,754,179.36. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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