Gladstone Institutional Advisory LLC Has $7.45 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Gladstone Institutional Advisory LLC lessened its position in International Business Machines Co. (NYSE:IBMFree Report) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 45,520 shares of the technology company’s stock after selling 765 shares during the period. Gladstone Institutional Advisory LLC’s holdings in International Business Machines were worth $7,445,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. increased its stake in shares of International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares during the period. Calamos Wealth Management LLC increased its position in shares of International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after acquiring an additional 55 shares during the period. Avion Wealth raised its stake in shares of International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after acquiring an additional 56 shares during the last quarter. Northwest Capital Management Inc boosted its holdings in shares of International Business Machines by 5.0% during the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after purchasing an additional 59 shares during the period. Finally, Financial Security Advisor Inc. boosted its holdings in shares of International Business Machines by 2.7% during the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after purchasing an additional 61 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBM has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Jefferies Financial Group reduced their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Bank of America raised their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Sanford C. Bernstein boosted their price target on shares of 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. Finally, UBS Group increased their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $181.29.

Read Our Latest Analysis on IBM

International Business Machines Stock Performance

International Business Machines stock traded up $0.06 during mid-day trading on Friday, reaching $169.03. 2,956,387 shares of the stock traded hands, compared to its average volume of 4,915,095. International Business Machines Co. has a 12-month low of $125.01 and a 12-month high of $199.18. The business’s 50-day moving average is $181.36 and its 200-day moving average is $173.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock has a market capitalization of $155.27 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 4.16 and a beta of 0.74.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the prior year, the business earned $1.36 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines Co. will post 9.91 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $1.67 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

International Business Machines 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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