International Business Machines Co. (NYSE:IBM – Get Rating) major shareholder Business Machine International sold 22,301,536 shares of the company in a trade on Thursday, May 19. The stock was sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the transaction, the insider now directly owns 22,301,536 shares of the company, valued at $311,106,427.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Large shareholders who hold more than 10% of a company’s stock are required to disclose their transactions with the SEC.

IBM traded $2.69 in midday trading on Monday, hitting $131.17. The stock had a trading volume of 3,589,187 shares, compared to an average volume of 5,502,952. International Business Machines Co. has a 1-year low of $114.56 and a 1-year high of 152.84 $. The company has a market capitalization of $117.98 billion, a price-to-earnings ratio of 21.06, a growth price-to-earnings ratio of 1.45 and a beta of 1.01. The company has a debt ratio of 2.44, a current ratio of 0.92 and a quick ratio of 0.87. The stock’s fifty-day simple moving average is $131.37 and its 200-day simple moving average is $128.63.

International Business Machines (NYSE:IBM – Get Rating) last released quarterly earnings data on Tuesday, April 19. The technology company reported earnings per share of $1.40 for the quarter, beating the consensus estimate of $1.34 by $0.06. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The company posted revenue of $14.20 billion for the quarter, versus $13.84 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.77. International Business Machines revenue for the quarter increased 7.7% year on year. As a group, research analysts expect International Business Machines Co. to post earnings per share of 9.89 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10. Investors of record on Tuesday, May 10 will receive a dividend of $1.65. The ex-dividend date is Monday, May 9. This is a positive change from International Business Machines’ previous quarterly dividend of $1.64. This represents a dividend of $6.60 on an annualized basis and a yield of 5.03%. International Business Machines’ dividend payout ratio is currently 108.20%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in International Business Machines shares by 1.9% in the first quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company valued at $10,011,813,000 after acquiring an additional 1,448,444 shares during the period. BlackRock Inc. increased its stake in shares of International Business Machines by 1.7% during the 1st quarter. BlackRock Inc. now owns 66,591,742 shares of the technology company worth $8,658,261,000 after acquiring an additional 1,139,368 shares during the period. State Street Corp increased its position in International Business Machines by 1.3% during the first quarter. State Street Corp now owns 53,755,675 shares of the technology company worth $6,989,313,000 after purchasing an additional 706,994 shares during the period. Charles Schwab Investment Management Inc. increased its stake in International Business Machines by 7.3% in Q1. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company valued at $2,119,007,000 after buying an additional 1,105,170 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of International Business Machines by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 15,018,006 shares of the technology company worth $2,001,895,000 after purchasing an additional 261,118 shares during the period. Institutional investors hold 55.22% of the company’s shares.

IBM has been the subject of several recent research reports. StockNews.com launched coverage on International Business Machines stocks in a research report on Thursday, March 31. They set a “buy” rating on the stock. Zacks Investment Research has downgraded International Business Machines from a “buy” rating to a “hold” rating and has set a price target of $140.00 for the stock. in a research note from Tuesday, April 5. Morgan Stanley raised its price target on International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a Wednesday, April 20 research report. UBS Group lowered its price target on International Business Machines from $124.00 to $118.00 in a research report on Tuesday, January 25. Finally, Credit Suisse Group raised its price target on International Business Machines from $165.00 to $166.00 and gave the company an “outperform” rating in a Wednesday, April 20 report. One equity research analyst gave the stock a sell rating, six gave the stock a hold rating and seven gave the stock a buy rating. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus price target of $146.69.

International Business Machines Company Profile (Get a rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The Company operates through four business segments: Software, Consulting, Infrastructure and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open source solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.

Featured Articles

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