Advisory Alpha LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

Advisory Alpha LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,748 shares of the technology company’s stock after buying an additional 65 shares during the quarter. Advisory Alpha LLC’s holdings in International Business Machines were worth $1,340,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in International Business Machines during the first quarter worth approximately $26,000. ESL Trust Services LLC purchased a new position in International Business Machines during the first quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the fourth quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines during the fourth quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in 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 equities analysts recently commented on the company. Stifel Nicolaus lifted their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Evercore ISI raised their target price on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. BMO Capital Markets raised their target price on 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. Jefferies Financial Group raised their target price 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. Finally, The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $191.93.

International Business Machines Trading Down 0.8 %

IBM opened at $219.36 on Wednesday. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $224.15. The stock has a market capitalization of $201.50 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 4.90 and a beta of 0.70. 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 business has a fifty day moving average price of $201.62 and a 200 day moving average price of $185.54.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the firm posted $2.18 EPS. International Business Machines’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side 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. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.05%. International Business Machines’s payout ratio is 75.65%.

About International Business Machines

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.