Kepler Cheuvreux Suisse SA Sells 2,084 Shares of International Business Machines Corporation $IBM

Kepler Cheuvreux Suisse SA cut its stake in International Business Machines Corporation (NYSE:IBM) by 3.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 65,998 shares of the technology company’s stock after selling 2,084 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in International Business Machines were worth $15,995,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Howe & Rusling Inc. lifted its holdings in International Business Machines by 23.5% during the 1st quarter. Howe & Rusling Inc. now owns 3,826 shares of the technology company’s stock worth $928,000 after purchasing an additional 727 shares in the last quarter. Northstar Group Inc. grew its holdings in International Business Machines by 7.4% during the 1st quarter. Northstar Group Inc. now owns 1,094 shares of the technology company’s stock valued at $265,000 after buying an additional 75 shares in the last quarter. Revisor Wealth Management LLC grew its holdings in International Business Machines by 3.2% during the 1st quarter. Revisor Wealth Management LLC now owns 3,595 shares of the technology company’s stock valued at $872,000 after buying an additional 113 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its position in shares of International Business Machines by 25.7% during the first quarter. Hudson Edge Investment Partners Inc. now owns 28,281 shares of the technology company’s stock valued at $6,855,000 after buying an additional 5,782 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in shares of International Business Machines by 7.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,591 shares of the technology company’s stock valued at $1,355,000 after buying an additional 379 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 0.2%

Shares of NYSE IBM opened at $288.95 on Friday. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $271.58 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 3.00 and a beta of 0.68. The business has a 50-day moving average of $256.99 and a 200-day moving average of $266.36.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 earnings per share. Sell-side analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is currently 59.77%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IBM shares. Wedbush set a $350.00 price objective on shares of International Business Machines in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Weiss Ratings cut shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Needham & Company LLC initiated coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Finally, Jefferies Financial Group began coverage on shares of International Business Machines in a research report on Tuesday, June 23rd. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $306.76.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.