International Business Machines Corporation (IBM) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its stake in International Business Machines Corporation (NYSE:IBM) by 11.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,172 shares of the technology company’s stock after selling 1,611 shares during the quarter. Tudor Investment Corp ET AL’s holdings in International Business Machines were worth $1,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Vanguard Group Inc. grew its position in shares of International Business Machines by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after purchasing an additional 2,241,818 shares during the period. Nordea Investment Management AB grew its position in shares of International Business Machines by 151.2% in the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after purchasing an additional 1,956,033 shares during the period. BlackRock Inc. grew its position in shares of International Business Machines by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. Renaissance Technologies LLC grew its position in shares of International Business Machines by 34.4% in the second quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock valued at $418,464,000 after purchasing an additional 696,600 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of International Business Machines by 30.7% in the second quarter. Parametric Portfolio Associates LLC now owns 2,380,834 shares of the technology company’s stock valued at $366,236,000 after purchasing an additional 558,693 shares during the period. Institutional investors and hedge funds own 57.26% of the company’s stock.

International Business Machines Corporation (IBM) traded up $0.80 during trading hours on Monday, reaching $155.61. 1,299,210 shares of the company’s stock traded hands, compared to its average volume of 4,254,970. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market cap of $143,321.77, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $3.29 EPS. sell-side analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.86%. International Business Machines’s payout ratio is 50.13%.

Several brokerages have recently issued reports on IBM. Royal Bank Of Canada reiterated a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. BidaskClub upgraded shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Morgan Stanley restated an “overweight” rating and set a $192.00 price target on shares of International Business Machines in a research report on Wednesday, August 23rd. BMO Capital Markets restated a “market perform” rating and set a $170.00 price target (up from $167.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Finally, Citigroup boosted their price target on shares of International Business Machines from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. International Business Machines currently has an average rating of “Hold” and a consensus price target of $159.24.

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International Business Machines Profile

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 (NYSE:IBM)

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