Candriam SCA has $23.81M position in International Business Machines Co. (NYSE:IBM)

Candriam SCA reduced its stake in International Business Machines Co. (NYSE:IBM – Free Report) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,665 shares of the technology company’s stock after selling 9,720 shares during the quarter. Candriam SCA’s holdings in International Business Machines were worth $23,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IBM. Gilbert & Cook Inc. boosted its stake in International Business Machines by 2.7% in the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock worth $637,000 after acquiring an additional 101 shares during the last quarter. Aveo Capital Partners LLC raised its stake in shares of International Business Machines by 3.6% in the fourth quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after acquiring an additional 109 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in shares of International Business Machines by 6.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock worth $386,000 after acquiring an additional 147 shares during the last quarter. Versor Investments LP acquired a new position in shares of International Business Machines in the fourth quarter valued at $247,000. Finally, AGF Management Ltd. increased its position in International Business Machines by 3.7% during the fourth quarter. AGF Management Ltd. now owns 23,317 shares of the technology company’s stock worth $3,813,000 after buying an additional 826 shares in the last quarter. 58.96% of shares are owned by institutional investors and hedge funds.

International inventories of business cars fell 0.9%

NYSE IBM opened at $200.74 on Friday. 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 firm has a 50-day simple moving average of $189.52 and a 200-day simple moving average of $182.50. International Business Machines Co. it has a twelve month low of $135.87 and a twelve month high of $205.95. The stock has a market cap of $184.40 billion, a PE ratio of 22.73, a PEG ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. In the same quarter last year, the company posted earnings of $2.18 per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a $1.67 dividend. This represents an annualized dividend of $6.68 and a yield of 3.33%. The ex-dividend date is Friday, August 9. International Business Machines’ dividend payout ratio (DPR) is currently 75.65%.

Analyst upgrades and downgrades

IBM has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BMO Capital Markets boosted their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group upped their target price on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $185.93, according to MarketBeat.

View the latest stock analysis on IBM

About International Business Machines

(Free report)

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 hybrid cloud and AI platforms that enable customers to realize their digital and AI transformations in the applications, data and environments in which they operate.

Featured stories

Get daily news and reviews for International Business Machines – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for International Business Machines and related companies with MarketBeat.com’s FREE daily email newsletter.