Advisor OS LLC Has $1.18 Million Holdings in International Business Machines Co. (NYSE:IBM)

Advisor OS LLC lowered its stake in International Business Machines Co. (NYSE:IBM) by 18.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,808 shares of the technology company’s stock after selling 1,575 shares during the period. Advisor OS LLC’s holdings in International Business Machines were worth $1,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Gilbert & Cook Inc. increased its stake in shares of International Business Machines by 2.7% in the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock worth $637,000 after purchasing an additional 101 shares during the period. Aveo Capital Partners LLC increased its stake in shares of International Business Machines by 3.6% in the fourth quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after purchasing an additional 109 shares during the period. Gryphon Financial Partners LLC increased its stake in International Business Machines by 6.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after acquiring an additional 147 shares during the period. Principal Securities Inc. bought a new position in International Business Machines during the fourth quarter valued at about $2,473,000. Finally, Versor Investments LP bought a new position in International Business Machines during the fourth quarter valued at about $247,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.8 %

International Business Machines stock opened at $200.87 on Friday. The firm has a 50-day moving average of $189.52 and a 200-day moving average of $182.51. International Business Machines Co. has a one year low of $135.87 and a one year high of $205.95. 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 company has a market cap of $184.52 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its 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 business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the business posted $2.18 EPS. International Business Machines’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that International Business Machines Co. will post 10.09 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $1.67 per share. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.33%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Ratings Changes

IBM has been the topic of several research reports. Stifel Nicolaus boosted their price target on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. 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 report on Wednesday. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. The Goldman Sachs Group assumed coverage on International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Jefferies Financial Group upped their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $185.93.

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.