Gradient Investments LLC Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Gradient Investments LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,565 shares of the technology company’s stock after purchasing an additional 256 shares during the quarter. Gradient Investments LLC’s holdings in International Business Machines were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. IFS Advisors LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at approximately $28,000. Parkside Investments LLC purchased a new position in shares of International Business Machines in the first quarter valued at approximately $31,000. SJS Investment Consulting Inc. lifted its position in shares of International Business Machines by 39.9% in the first quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company’s stock valued at $35,000 after acquiring an additional 77 shares in the last quarter. PrairieView Partners LLC lifted its position in shares of International Business Machines by 64.2% in the first quarter. PrairieView Partners LLC now owns 284 shares of the technology company’s stock valued at $37,000 after acquiring an additional 111 shares in the last quarter. Finally, Claremont Financial Group Inc. purchased a new position in shares of International Business Machines in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Insider Activity

In other news, Director David N. Farr acquired 1,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $125.00 per share, with a total value of $125,000.00. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at approximately $125,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley reduced their price objective on International Business Machines from $157.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. BMO Capital Markets reduced their price objective on International Business Machines from $152.00 to $148.00 in a research report on Tuesday, July 19th. Credit Suisse Group lifted their price objective on International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Finally, Societe Generale reduced their price objective on International Business Machines to $129.00 in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $145.18.

International Business Machines Price Performance

IBM stock opened at $127.73 on Tuesday. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $146.00. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The business has a fifty day moving average of $131.90 and a two-hundred day moving average of $133.03. The stock has a market cap of $115.36 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84.

International Business Machines (NYSE:IBMGet Rating) last issued its quarterly earnings data on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.02. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The business had revenue of $15.54 billion during the quarter, compared to analysts’ expectations of $15.18 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that International Business Machines Co. will post 9.39 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were paid a $1.65 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.17%. International Business Machines’s payout ratio is presently 107.14%.

International Business Machines Company Profile

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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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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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