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

Diversify Advisory Services LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 53.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of International Business Machines by 18.6% during the 2nd quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock valued at $43,276,000 after purchasing an additional 39,212 shares during the last quarter. Fairscale Capital LLC purchased a new stake in 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% in the second quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the technology company’s stock worth $491,000 after acquiring an additional 150 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of International Business Machines during the second quarter worth about $1,334,000. Finally, Harmony Asset Management LLC increased its holdings in shares of International Business Machines by 57.4% during the second 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 in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Bernstein Bank boosted their price target 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. Finally, Stifel Nicolaus raised their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $216.87.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $224.73 on Tuesday. The business’s 50 day moving average price is $222.87 and its 200-day moving average price is $211.14. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market capitalization of $207.80 billion, a PE ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. 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 is currently 97.23%.

International Business Machines Company 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.