Waterloo Capital L.P. Has $219,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Waterloo Capital L.P. cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 22.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,264 shares of the technology company’s stock after selling 370 shares during the period. Waterloo Capital L.P.’s holdings in International Business Machines were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IBM. Vanguard Group Inc. increased its stake in shares of International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after acquiring an additional 5,546,855 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in International Business Machines by 151.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after purchasing an additional 2,118,165 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in International Business Machines by 12,282.2% in the second quarter. Strategic Financial Concepts LLC now owns 472,382 shares of the technology company’s stock worth $817,000 after purchasing an additional 468,567 shares during the period. National Bank of Canada FI boosted its position in shares of International Business Machines by 79.4% during the first quarter. National Bank of Canada FI now owns 922,496 shares of the technology company’s stock worth $176,160,000 after purchasing an additional 408,230 shares in the last quarter. Finally, Capital Wealth Planning LLC grew its holdings in shares of International Business Machines by 37.2% in the 1st quarter. Capital Wealth Planning LLC now owns 1,450,768 shares of the technology company’s stock valued at $277,039,000 after buying an additional 393,680 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.5 %

International Business Machines stock opened at $213.89 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The firm has a 50-day moving average of $195.83 and a 200-day moving average of $184.21. The company has a market cap of $196.48 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a one year low of $135.87 and a one year high of $218.84.

International Business Machines (NYSE:IBM) last posted its quarterly 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 during 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%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $2.18 earnings per share. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Jefferies Financial Group raised their price objective 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. Stifel Nicolaus lifted their price objective on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. UBS Group lifted their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Finally, Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $188.60.

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.