2 weeks Ago By Defense World Staff
High Falls Advisors Inc trimmed its holdings in International Business Machines Co. ( NYSE:IBM – Free Report ) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 1,270 shares of the technology company’s stock after selling 206 shares during the quarter. High Falls Advisors Inc’s holdings in International Business Machines were worth $220,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently bought and sold shares of IBM.
FPC Investment Advisory Inc. purchased a new stake in shares of International Business Machines in the first quarter valued at about $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines during the 1st quarter worth approximately $28,000.
Creekmur Asset Management LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $31,000.
Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of International Business Machines during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms recently weighed in on IBM. Evercore ISI lifted their price objective on shares of International Business Machines from $215.00 to $240.
00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.
Royal Bank of Canada increased their price target on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th.
Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Finally, UBS Group boosted their target price on International Business Machines from $130.00 to $145.
00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, the company presently has a consensus rating of “Hold” and a consensus target price of $188.60. International Business Machines Trading Down 1.
2 % NYSE:IBM opened at $220.84 on Monday. The company has a market capitalization of $202.
86 billion, a PE ratio of 25.01, a price-to-earnings-growth 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 has a fifty day simple moving average of $200.
17 and a 200-day simple moving average of $185.15. 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 – Get Free Report ) last announced its quarterly 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. International Business Machines had a net margin of 13.
52% and a return on equity of 40.59%. The company had revenue of $15.
77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the firm earned $2.
18 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.
On average, equities research 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 business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 yield of 3.02%.
The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.
About International Business Machines ( Free Report ) 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.
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