Aprio Wealth Management LLC Sells 94 Shares of International Business Machines Co. (NYSE:IBM)

Aprio Wealth Management LLC lessened its stake in International Business Machines Co. (NYSE:IBM) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,494 shares of the technology company’s stock after selling 94 shares during the period. Aprio Wealth Management LLC’s holdings in International Business Machines were worth $330,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in International Business Machines during the first quarter worth about $26,000. ESL Trust Services LLC bought a new position in International Business Machines during the first quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines during the fourth quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines during the fourth quarter worth about $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in International Business Machines during the second quarter worth about $36,000. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IBM. BMO Capital Markets raised their price target on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $194.35.

International Business Machines Stock Up 0.7 %

International Business Machines stock opened at $228.62 on Wednesday. The firm has a market capitalization of $210.01 billion, a PE ratio of 25.89, a P/E/G ratio of 4.90 and a beta of 0.70. The company’s 50-day moving average is $204.32 and its 200-day moving average is $186.42. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $229.35. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating 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%. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 EPS. Sell-side analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) 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.