International Business Machines Corp. (IBM) Holdings Trimmed by Seizert Capital Partners LLC

Seizert Capital Partners LLC decreased its position in International Business Machines Corp. (NYSE:IBM) by 9.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,270 shares of the technology company’s stock after selling 5,922 shares during the period. Seizert Capital Partners LLC’s holdings in International Business Machines were worth $8,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Herndon Capital Management LLC grew its position in shares of International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the period. Edge Wealth Management LLC grew its position in shares of International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the period. ETF Managers Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $121,000. Peddock Capital Advisors LLC grew its position in shares of International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the period. Finally, Horan Securities Inc. grew its position in shares of International Business Machines by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares during the period. 57.11% of the stock is owned by institutional investors.

International Business Machines Corp. (NYSE IBM) opened at $162.49 on Friday. The firm has a market cap of $150,430.00, a PE ratio of 13.56, a P/E/G ratio of 2.30 and a beta of 0.94. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $3.29 earnings per share. analysts anticipate that International Business Machines Corp. will post 13.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 50.08%.

Several analysts have recently issued reports on IBM shares. Drexel Hamilton reiterated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a research report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 target price on shares of International Business Machines in a research report on Friday, October 6th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 target price on the stock in a research report on Tuesday, October 24th. Finally, Pivotal Research started coverage on shares of International Business Machines in a research report on Friday, October 27th. They issued a “buy” rating and a $180.00 target price on the stock. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $160.01.

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International Business Machines Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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

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