Dynamic Advisor Solutions LLC boosted its stake in International Business Machines Co. (NYSE: IBM – Get Rating) by 48.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 19,760 shares of the technology company stock after acquiring an additional 6,420 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in International Business Machines were worth $ 2,569,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new stake in International Business Machines in the 4th quarter valued at $ 28,000. Richwood Investment Advisors LLC acquired a new stake in International Business Machines in the 4th quarter valued at $ 30,000. Ulland Investment Advisors LLC acquired a new stake in International Business Machines in the 4th quarter valued at $ 32,000. Total Clarity Wealth Management Inc. grew its stake in International Business Machines by 537.5% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company stock valued at $ 34,000 after acquiring an additional 215 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in International Business Machines in the 4th quarter valued at $ 37,000. 55.22% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Business Machine International sold 22,301,536 shares of International Business Machines stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $ 13.95, for a total transaction of $ 311,106,427.20. Following the completion of the sale, the insider now owns 22,301,536 shares of the company stock, valued at $ 311,106,427.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company stock.
Shares of IBM opened at $ 137.85 on Wednesday. The firm has a market cap of $ 123.99 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.51 and a beta of 1.00. International Business Machines Co. has a 52 week low of $ 114.56 and a 52 week high of $ 147.50. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The stock has a 50 day moving average of $ 135.15 and a 200-day moving average of $ 131.50.
International Business Machines (NYSE: IBM – Get Rating) last announced its earnings results on Tuesday, April 19th. The technology company reported $ 1.40 earnings per share for the quarter, beating the consensus estimate of $ 1.34 by $ 0.06. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The firm had revenue of $ 14.20 billion for the quarter, compared to the estimate consensus of $ 13.84 billion. During the same quarter in the previous year, the business earned $ 1.77 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Co. will post 9.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th were issued a dividend of $ 1.65 per share. This is an increase from International Business Machines’s previous quarterly dividend of $ 1.64. The ex-dividend date of this dividend was Monday, May 9th. This represents a $ 6.60 dividend on an annualized basis and a dividend yield of 4.79%. International Business Machines’s payout ratio is currently 108.20%.
IBM has been the topic of a number of research analyst reports. StockNews.com began coverage on shares of International Business Machines in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Credit Suisse Group raised their price target on International Business Machines from $ 165.00 to $ 166.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. BMO Capital Markets raised their price objective on International Business Machines from $ 148.00 to $ 152.00 and gave the company a “market perform” rating in a report on Wednesday, April 20th. Bank of America raised their price objective on International Business Machines from $ 162.00 to $ 165.00 and gave the company a “buy” rating in a report on Wednesday, April 20th. Finally, Morgan Stanley raised their price objective on International Business Machines from $ 150.00 to $ 157.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $ 147.25.
International Business Machines Profile: (Get Rating)
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
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