Lbmc Investment Advisors LLC Cuts Stock Holdings in International Business Machines Co. (NYSE:IBM)

Lbmc Investment Advisors LLC lowered its holdings in International Business Machines Co. (NYSE:IBM) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,306 shares of the technology company’s stock after selling 128 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in International Business Machines were worth $1,173,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Seven Eight Capital LP purchased a new position in shares of International Business Machines in the 4th quarter valued at $476,000. Regal Investment Advisors LLC grew its stake in International Business Machines by 5.8% in the fourth quarter. Regal Investment Advisors LLC now owns 18,455 shares of the technology company’s stock valued at $3,018,000 after purchasing an additional 1,018 shares during the last quarter. Unigestion Holding SA raised its holdings in International Business Machines by 35.5% in the fourth quarter. Unigestion Holding SA now owns 288,196 shares of the technology company’s stock worth $47,134,000 after purchasing an additional 75,530 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of International Business Machines by 0.8% during the fourth quarter. Cresset Asset Management LLC now owns 72,422 shares of the technology company’s stock valued at $11,845,000 after buying an additional 558 shares during the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of International Business Machines in the 4th quarter valued at about $62,020,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on IBM. UBS Group increased their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Jefferies Financial Group boosted their target price on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Evercore ISI increased their price target on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their price target on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $194.35.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $0.76 during trading on Tuesday, hitting $227.88. 621,756 shares of the stock traded hands, compared to its average volume of 4,199,135. The company has a fifty day moving average price of $204.32 and a two-hundred day moving average price of $186.42. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $228.75. The company has a market cap of $209.33 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 4.90 and a beta of 0.70.

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 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%. International Business Machines’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.18 earnings per share. As a group, equities analysts predict that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is presently 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.