International Business Machines Corporation (NYSE:IBM) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 725,765 shares of the technology company's stock after selling 52,081 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of International Business Machines worth $180,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IBM. Brighton Jones LLC lifted its stake in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares during the period. FourThought Financial Partners LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $610,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $67,000. Lake Street Advisors Group LLC lifted its stake in shares of International Business Machines by 7.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,704 shares of the technology company's stock worth $1,034,000 after buying an additional 317 shares during the period. Finally, National Pension Service lifted its stake in shares of International Business Machines by 7.4% during the fourth quarter. National Pension Service now owns 2,129,145 shares of the technology company's stock worth $468,050,000 after buying an additional 145,931 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IBM shares. Royal Bank Of Canada lifted their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Morgan Stanley decreased their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $253.75.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $2.24 during trading hours on Friday, reaching $289.69. The stock had a trading volume of 3,560,346 shares, compared to its average volume of 4,223,757. The stock's 50 day moving average is $261.91 and its 200 day moving average is $247.14. The firm has a market capitalization of $269.24 billion, a PE ratio of 49.86, a PEG ratio of 6.13 and a beta of 0.66. International Business Machines Corporation has a twelve month low of $170.53 and a twelve month high of $296.16. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.32%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

About International Business Machines

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.