Mather Group LLC. Decreases Stake in International Business Machines Co. (NYSE:IBM)

Mather Group LLC. decreased its holdings in International Business Machines Co. (NYSE:IBM) by 48.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,254 shares of the technology company’s stock after selling 4,981 shares during the quarter. Mather Group LLC.’s holdings in International Business Machines were worth $1,162,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IBM. FPC Investment Advisory Inc. purchased a new stake in International Business Machines during the first quarter worth about $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines during the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines in the 4th quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $228.62 on Wednesday. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $229.35. The firm’s 50 day moving average is $204.32 and its two-hundred day moving average is $186.42. The company has a market cap of $210.01 billion, a P/E ratio of 25.89, a P/E/G ratio of 4.90 and a beta of 0.70. 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 (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm 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%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 earnings per share. Analysts expect that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a 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%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IBM shares. Evercore ISI upped their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. 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. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Finally, DZ Bank downgraded 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. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $194.35.

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.