BlueSky Wealth Advisors LLC Reduces Holdings in International Business Machines Corporation (NYSE:IBM)

BlueSky Wealth Advisors LLC decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,863 shares of the technology company’s stock after selling 323 shares during the quarter. BlueSky Wealth Advisors LLC’s holdings in International Business Machines were worth $712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vision Financial Markets LLC purchased a new position in International Business Machines during the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines during the fourth quarter valued at approximately $35,000. Tacita Capital Inc lifted its holdings in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. purchased a new position in International Business Machines during the fourth quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IBM shares. UBS Group reiterated a “sell” rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. BMO Capital Markets reiterated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $250.31.

International Business Machines Trading Up 0.4%

IBM stock opened at $282.96 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a twelve month low of $168.38 and a twelve month high of $285.26. The stock has a market capitalization of $262.98 billion, a price-to-earnings ratio of 48.70, a price-to-earnings-growth ratio of 5.92 and a beta of 0.66. The firm’s fifty day simple moving average is $254.78 and its two-hundred day simple moving average is $244.55.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. During the same quarter in the previous year, the business posted $1.68 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. International Business Machines’s payout ratio is currently 115.66%.

About International Business Machines

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.