Gordian Capital Singapore Pte Ltd Reduces Holdings in International Business Machines Co. (NYSE:IBM)

Gordian Capital Singapore Pte Ltd decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,501 shares of the technology company’s stock after selling 199 shares during the quarter. International Business Machines makes up 1.0% of Gordian Capital Singapore Pte Ltd’s investment portfolio, making the stock its 16th largest position. Gordian Capital Singapore Pte Ltd’s holdings in International Business Machines were worth $1,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines during the first quarter valued at about $26,000. ESL Trust Services LLC purchased a new position in International Business Machines during the first quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in International Business Machines in the 4th quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines during the 2nd quarter valued at $36,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group raised their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. The Goldman Sachs Group raised their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada raised their price target on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Evercore ISI increased their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Three 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $191.93.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $219.36 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $201.50 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $224.15. The stock’s 50-day simple moving average is $201.62 and its 200-day simple moving average is $185.54.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.05%. International Business Machines’s dividend payout ratio is 75.65%.

International Business Machines Company Profile

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.