USS Investment Management Ltd Has $29.87 Million Stake in International Business Machines Corp. (IBM)

USS Investment Management Ltd grew its position in shares of International Business Machines Corp. (NYSE:IBM) by 52.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 194,600 shares of the technology company’s stock after buying an additional 66,800 shares during the period. USS Investment Management Ltd’s holdings in International Business Machines were worth $29,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. Vanguard Group Inc. raised its stake in shares of International Business Machines by 3.7% during 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 raised its stake in shares of International Business Machines by 151.2% during 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. Janus Henderson Group PLC raised its stake in shares of International Business Machines by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after purchasing an additional 1,249,916 shares during the period. BlackRock Inc. raised its stake in shares of International Business Machines by 2.4% during 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. Finally, Stifel Financial Corp raised its stake in shares of International Business Machines by 9,678.2% during the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock valued at $118,347,000 after purchasing an additional 807,553 shares during the period. Institutional investors own 58.78% of the company’s stock.

In other International Business Machines news, Director Frederick H. Waddell acquired 610 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was purchased at an average price of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

A number of analysts have recently issued reports on the stock. Pivotal Research set a $180.00 price objective on shares of International Business Machines and gave the company a “buy” rating in a research note on Thursday, January 18th. Bank of America reiterated a “buy” rating and set a $200.00 price objective on shares of International Business Machines in a research note on Friday, January 19th. Goldman Sachs Group set a $170.00 price target on shares of International Business Machines and gave the stock a “neutral” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. set a $167.00 price target on shares of International Business Machines and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, Morgan Stanley raised their price target on shares of International Business Machines to $198.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $164.37.

International Business Machines Corp. (NYSE IBM) opened at $153.18 on Friday. The company has a market cap of $142,534.86, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.55.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The firm had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.01 earnings per share. equities analysts forecast that International Business Machines Corp. will post 13.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 98.20%.

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About International Business Machines

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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