Hudson Valley Investment Advisors Inc. ADV Cuts Stake in International Business Machines Co. (NYSE:IBM)

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in International Business Machines Co. (NYSE:IBMFree Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,094 shares of the technology company’s stock after selling 100 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in International Business Machines were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Natixis Advisors L.P. boosted its holdings in International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares during the period. Herold Advisors Inc. boosted its position in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after buying an additional 688 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in International Business Machines in the 3rd quarter worth $661,000. Silicon Valley Capital Partners increased its holdings in International Business Machines by 33.6% during the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock valued at $4,524,000 after purchasing an additional 8,117 shares during the period. Finally, Waverly Advisors LLC lifted its holdings in International Business Machines by 48.1% in the 3rd quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after buying an additional 6,397 shares during the period. 56.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on IBM shares. Royal Bank of Canada upped their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein lifted their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Jefferies Financial Group assumed coverage on International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective for the company. Finally, BMO Capital Markets upped their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $176.85.

Check Out Our Latest Research Report on International Business Machines

International Business Machines Stock Performance

IBM stock opened at $190.84 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The stock has a market capitalization of $174.95 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.74 and a beta of 0.70. The stock’s 50 day simple moving average is $185.41 and its 200 day simple moving average is $163.19.

International Business Machines (NYSE:IBMGet Free Report) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $3.60 earnings per share. As a group, research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

International Business Machines Company Profile

(Free Report)

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.

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

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