Ironwood Wealth Management LLC. Sells 263 Shares of International Business Machines Co. (NYSE:IBM)

Ironwood Wealth Management LLC. cut its position in International Business Machines Co. (NYSE:IBM) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,157 shares of the technology company’s stock after selling 263 shares during the period. Ironwood Wealth Management LLC.’s holdings in International Business Machines were worth $1,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Williams Financial LLC acquired a new position in International Business Machines in the second quarter valued at approximately $6,734,000. Vista Investment Partners LLC increased its position in shares of International Business Machines by 836.9% during the second quarter. Vista Investment Partners LLC now owns 11,177 shares of the technology company’s stock worth $1,933,000 after acquiring an additional 9,984 shares in the last quarter. CAP Partners LLC increased its position in shares of International Business Machines by 3.8% during the second quarter. CAP Partners LLC now owns 2,087 shares of the technology company’s stock worth $361,000 after acquiring an additional 76 shares in the last quarter. Meridian Financial Partners LLC bought a new position in International Business Machines in the second quarter valued at $341,000. Finally, Hoxton Planning & Management LLC grew its position in International Business Machines by 2.8% in the second quarter. Hoxton Planning & Management LLC now owns 4,937 shares of the technology company’s stock valued at $854,000 after purchasing an additional 133 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their target price on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. BMO Capital Markets lifted their price target 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. Finally, The Goldman Sachs Group lifted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $194.35.

International Business Machines Stock Up 0.7 %

International Business Machines stock opened at $228.62 on Wednesday. The company has a market capitalization of $210.01 billion, a PE ratio of 25.89, a PEG ratio of 4.90 and a beta of 0.70. The firm’s fifty day moving average is $204.32 and its 200 day moving average is $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 12-month low of $135.87 and a 12-month high of $229.35.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 earnings per share. As a group, sell-side analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is currently 75.65%.

International Business Machines 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.