Diversify Advisory Services LLC Lowers Stock Holdings in International Business Machines Co. (NYSE:IBM)

Diversify Advisory Services LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 53.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,008 shares of the technology company’s stock after selling 8,081 shares during the quarter. Diversify Advisory Services LLC’s holdings in International Business Machines were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in International Business Machines by 18.6% in the second quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock valued at $43,276,000 after acquiring an additional 39,212 shares during the period. Fairscale Capital LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $72,000. EverSource Wealth Advisors LLC boosted its holdings in International Business Machines by 6.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the technology company’s stock worth $491,000 after buying an additional 150 shares in the last quarter. DRW Securities LLC acquired a new position in International Business Machines during the second quarter worth about $1,334,000. Finally, Harmony Asset Management LLC lifted its position in shares of International Business Machines by 57.4% during the 2nd quarter. Harmony Asset Management LLC now owns 3,684 shares of the technology company’s stock valued at $637,000 after acquiring an additional 1,343 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by insiders.

International Business Machines Stock Up 0.9 %

IBM opened at $224.73 on Tuesday. The company has a market cap of $207.80 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The firm has a 50 day moving average price of $222.87 and a 200 day moving average price of $211.14.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the business posted $2.20 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Sell-side analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bernstein Bank raised their price objective on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Bank of America increased their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus increased their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.87.

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.