Mission Creek Capital Partners Inc. Sells 537 Shares of International Business Machines Co. (NYSE:IBM)

Mission Creek Capital Partners Inc. lessened its stake in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 6.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,727 shares of the technology company’s stock after selling 537 shares during the period. Mission Creek Capital Partners Inc.’s holdings in International Business Machines were worth $1,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust raised its stake in shares of International Business Machines by 4.6% during the first quarter. Parkside Financial Bank & Trust now owns 2,393 shares of the technology company’s stock valued at $311,000 after acquiring an additional 105 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of International Business Machines by 1.5% during the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after acquiring an additional 5,506 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of International Business Machines by 1.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after acquiring an additional 1,821 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of International Business Machines by 1.9% during the first quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company’s stock valued at $10,011,813,000 after acquiring an additional 1,448,444 shares in the last quarter. Finally, Brighton Jones LLC raised its stake in shares of International Business Machines by 21.3% during the first quarter. Brighton Jones LLC now owns 14,725 shares of the technology company’s stock valued at $1,914,000 after acquiring an additional 2,590 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on IBM. Morgan Stanley decreased their price target on shares of International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. BMO Capital Markets cut their price objective on shares of International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, Credit Suisse Group lifted their price objective on shares of International Business Machines from $156.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $146.80.

International Business Machines Price Performance

NYSE IBM opened at $128.47 on Friday. The firm’s fifty day simple moving average is $133.33 and its two-hundred day simple moving average is $132.69. The company has a current ratio of 0.88, a quick ratio of 0.82 and a debt-to-equity ratio of 2.28. International Business Machines Co. has a 12-month low of $114.56 and a 12-month high of $146.00. The firm has a market capitalization of $116.03 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.93 and a beta of 0.84.

International Business Machines (NYSE:IBMGet Rating) last released its quarterly earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.02. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The business had revenue of $15.54 billion for the quarter, compared to analyst estimates of $15.18 billion. During the same period in the previous year, the company earned $2.33 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts forecast that International Business Machines Co. will post 9.47 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th will be issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Tuesday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 107.14%.

International Business Machines Company Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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

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