Sei Investments Co. Increases Holdings in International Business Machines Co. (NYSE:IBM)

Sei Investments Co. raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 18.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 250,229 shares of the technology company’s stock after purchasing an additional 39,212 shares during the period. Sei Investments Co.’s holdings in International Business Machines were worth $43,276,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. boosted its stake in shares of 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 buying an additional 101 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in shares of International Business Machines by 3.6% during the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after buying an additional 109 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in 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 valued at $386,000 after buying an additional 147 shares during the last quarter. TrinityPoint Wealth LLC increased its holdings in International Business Machines by 12.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company’s stock valued at $639,000 after purchasing an additional 428 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in International Business Machines by 32.7% during the 4th quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company’s stock worth $7,467,000 after acquiring an additional 11,247 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Royal Bank of Canada upped their target price on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Finally, UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $188.60.

International Business Machines Stock Performance

NYSE:IBM opened at $217.70 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The firm has a market cap of $199.98 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70. The firm’s fifty day moving average price is $196.52 and its 200 day moving average price is $184.24. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $218.84.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 earnings per share. On average, sell-side analysts expect that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.07%. International Business Machines’s dividend payout ratio is currently 75.65%.

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.