Planned Solutions Inc. Reduces Holdings in International Business Machines Co. (NYSE:IBM)

Planned Solutions Inc. trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,835 shares of the technology company’s stock after selling 527 shares during the quarter. Planned Solutions Inc.’s holdings in International Business Machines were worth $513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Live Oak Investment Partners bought a new stake in shares of International Business Machines during the fourth quarter worth $30,000. GW&K Investment Management LLC bought a new stake in shares of International Business Machines in the first quarter valued at about $33,000. First Command Advisory Services Inc. bought a new stake in shares of International Business Machines in the first quarter valued at about $37,000. Kepos Capital LP bought a new stake in shares of International Business Machines in the fourth quarter valued at about $42,000. Finally, Pacific Center for Financial Services bought a new stake in shares of International Business Machines in the first quarter valued at about $41,000. 56.16% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 0.2 %

Shares of IBM stock traded up $0.30 during trading hours on Monday, reaching $146.29. 114,644 shares of the company’s stock were exchanged, compared to its average volume of 4,529,543. International Business Machines Co. has a 1 year low of $115.54 and a 1 year high of $153.21. The stock has a market cap of $133.27 billion, a PE ratio of 67.59, a PEG ratio of 3.72 and a beta of 0.85. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.28. The stock’s fifty day moving average price is $142.59 and its two-hundred day moving average price is $133.71.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 19th. The technology company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.18. The firm had revenue of $15.48 billion for the quarter, compared to analyst estimates of $15.58 billion. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. International Business Machines’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 earnings per share. Research analysts predict that International Business Machines Co. will post 9.43 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Wednesday, August 9th. International Business Machines’s payout ratio is 307.41%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBM. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley restated an “equal weight” rating and issued a $135.00 price objective on shares of International Business Machines in a report on Thursday, July 20th. Bank of America boosted their target price on shares of International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. BMO Capital Markets boosted their target price on shares of International Business Machines from $145.00 to $150.00 and gave the stock a “market perform” rating in a report on Monday, July 17th. Finally, JPMorgan Chase & Co. started coverage on shares of International Business Machines in a report on Friday, July 7th. They issued a “neutral” rating and a $145.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $142.91.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, 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; 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.