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Wright Investors Service Inc. sells shares of International Business Machines Co. (NYSE:IBM).

Wright Investors Service Inc. sells shares of International Business Machines Co. (NYSE:IBM).

According to the company’s most recent filing with the S.E.C., Wright Investors Service Inc. sold off 7.3% of its shares of International Business Machines Co. (NYSE: I.B.M.) during the third quarter. The corporation wound up with 30,183 shares of ownership in the technology business after selling 2,382 shares of the company’s stock throughout the period in question. The investment in International Business Machines held by Wright Investors Service Inc. places it in the 28th position among its holdings and accounts for 1.1% of the company’s stock. At the end of the most recent fiscal quarter, Wright Investors Service Inc. owned a total of 3,586,000 shares of International Business Machines, bringing the company’s investment portfolio value to $3,586,000.

Several other hedge funds have recently implemented various changes to the proportion of the company’s shares that they own. Cantor Fitzgerald Investment Advisor L.P. achieved a 97.6 percentage point increase in the amount of International Business Machines stock it owned during the first three months of the year. As a result of the acquisition of 127,093 shares during the most recent fiscal quarter, Cantor Fitzgerald Investment Advisor L.P. now owns a total of 257,335 shares of the technology company’s stock. The current market value of these shares is $33,459,000. The addition of International Business Machines to the portfolio managed by Roundview Capital L.L.C. resulted in an expenditure of approximately 203,000 dollars during the first quarter. During the first three months of 2018, Sei Investments Company was able to amass an additional 35.7% of the total number of shares of International Business Machines’ common stock. Following the acquisition of an additional 46,756 shares during the most recent financial period, Sei Investments Co. now holds a total of 177,599 stock issued by the technology company. The current value of these shares is $23,157,000. Candriam Luxembourg S.C.A. increased the amount of International Business Machines stock owned by 1.9% over the year’s first three months. After purchasing an additional 1,821 shares of the technology company’s stock during the most recent quarter, Candriam Luxembourg S.C.A. now has 95,662 shares of ownership in the company’s stock. The total value of the stock holdings held by Candriam Luxembourg S.C.A. comes to $12,438,000. And finally, during the first three months of this year, Baird Financial Group Inc. increased the proportion of shares of International Business Machines stock owned by a total of 1.5 percent. Following the completion of additional purchases amounting to 5,506 shares over the preceding three months, Baird Financial Group Inc. now possesses a total of 382,232 shares of the technology company’s stock, which have a value of $49,698,000. Institutional investors and hedge funds own 55.90% of the company’s current shares.

Robert F. Del, Vice President of Benevolent Operations for International Business Machines, successfully sold 3,000 shares of the company’s stock on the 22nd of November. This transaction was finalized that day. The shares were sold on the open market for a total of $445,080.00, which works out to a price of $148.36 per share divided by the number of shares sold. The transaction made it possible for the vice president to purchase 14,553 company shares, which had a combined value of approximately $2,159,083.08 at the time of the acquisition. The link will take you to a document presented to the Securities and Exchange Commission to explain the transaction. Only 0.04% of the total company stock is held by current and former employees of the company.

You can locate recent commentary on the shares of I.B.M. written by a few analysts by searching online. UBS Group published a research note on Thursday, October 20th, stating that they were decreasing their “sell” rating for International Business Machines and that they had decreased their price objective from $112.00 to $111.00. These changes were made because they decreased the company’s price objective. Credit Suisse Group decreased their price objective on shares of International Business Machines from $158.00 to $155.00. It gave the stock an “outperform” rating in a research report published on Thursday, October 20th. In a research note released on the 20th of October, Evercore I.S.I. indicated that they were increasing their price target for International Business Machines. The stock was given an “inline” rating, and the target price increased from $125.00 to $135.00. In a research note published on Monday, October 17th, Stifel Nicolaus downgraded their price target for International Business Machines (I.B.M.) from $150.00 to $140.00 while maintaining their “buy” rating on the stock. The price objective for a share of International Business Machines was lowered from $155.00 to $145.00 in a research report made public by Bank of America on Tuesday, October 18. The company has received recommendations to buy (from four different financial analysts), hold (from three different financial analysts), and sell (from one different financial analyst). According to the data provided by Bloomberg, the company is recommended by analysts to “hold” on average, and they have determined that the stock should reach a price of $139.33 as their consensus price objective.

The company’s shares (NYSE: I.B.M.) The price of the shares decreased by $0.26 during the day on Friday, arriving at $145.29. Compared to the average daily volume of 3,221,521 shares traded in the company’s stock, the number of shares that various individuals owned went up and down by 36,509. Over the previous twelve months, International Business Machines Company’s share price ranged from a low of $115.54 to a high of $153.21 at various points. The company’s market value is $131.36 billion, and its price-to-earnings ratio is 106.24. The P/E/G ratio for this security comes in at 2.23, and its beta value is 0.89. A debt-to-equity ratio comes in at 2.23; a quick ratio comes in at 0.89; a current ratio comes in at 0.95; and a quick ratio comes in at 0.89. The company’s moving averages over the past 200 days are $135.45; over the last 50 days, they are $144.28, respectively.

The results of International Business Machines, which are traded on the New York Stock Exchange under the ticker symbol I.B.M., were detailed in a report made available to the public on October 19th. The information technology company reported earnings per share for the quarter of $1.81, which is $0.03 higher than the estimate provided by the market, which was $1.78. The company reported sales for the quarter that were significantly higher than the consensus estimate of $13.55 billion, which was $13.55 billion. The company’s sales totaled $14.11 billion. International Business Machines had a return on equity of 41.50 percent, and the company’s net margin was 2.08 percent. Compared to the same quarter of the previous year, the increase in revenue was 6.5% higher than expected. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $2.52. Earnings of $9.12 per share are what equity research professionals anticipate the International Business Machines Corporation will generate during the current fiscal year. These projections are based on the company’s historical performance.

In addition, the company just recently announced that it would be paying a quarterly dividend, which was paid out to shareholders on December 10th. On the 10th of November, dividend payments of $1.65 per share were made to shareholders who were recorded as having shares as of that day. These payments were made to shareholders who held shares as of that day. The 9th of November saw a dividend distribution to the company’s shareholders. This equates to a dividend payment of $6.60 per year when calculated on an annualized basis and a dividend yield of 4.54%. The payout ratio for International Business Machines is currently at 481.76%.

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