LSV Asset Management Has $296.59 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

LSV Asset Management reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,714,857 shares of the technology company’s stock after selling 73,190 shares during the period. LSV Asset Management owned 0.19% of International Business Machines worth $296,585,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IBM. Norges Bank bought a new position in International Business Machines during the fourth quarter valued at about $1,019,009,000. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock worth $16,833,642,000 after purchasing an additional 5,546,855 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in International Business Machines by 151.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after acquiring an additional 2,118,165 shares during the period. Capital Wealth Planning LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $172,887,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of International Business Machines by 12,282.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 472,382 shares of the technology company’s stock worth $817,000 after buying an additional 468,567 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday. Royal Bank of Canada raised their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Jefferies Financial Group boosted their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $185.93.

International Business Machines Trading Down 0.9 %

NYSE:IBM traded down $1.85 during trading hours on Friday, hitting $200.74. The stock had a trading volume of 3,304,491 shares, compared to its average volume of 4,223,954. The business’s 50 day moving average is $189.52 and its 200-day moving average is $182.50. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company has a market cap of $184.40 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 4.50 and a beta of 0.70. International Business Machines Co. has a one year low of $135.87 and a one year high of $205.95.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $2.18 earnings per share. Sell-side analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.