AlphaMark Advisors LLC Decreases Stake in International Business Machines Co. (NYSE:IBM)

AlphaMark Advisors LLC cut its holdings in International Business Machines Co. (NYSE:IBM) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,875 shares of the technology company’s stock after selling 460 shares during the quarter. AlphaMark Advisors LLC’s holdings in International Business Machines were worth $1,695,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in International Business Machines by 0.4% during the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. Morgan Stanley boosted its position in International Business Machines by 13.4% during the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after purchasing an additional 1,919,490 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in International Business Machines by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock worth $1,048,631,000 after purchasing an additional 61,028 shares in the last quarter. Norges Bank purchased a new stake in International Business Machines during the fourth quarter worth $1,019,009,000. Finally, Dimensional Fund Advisors LP boosted its position in International Business Machines by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock worth $736,015,000 after purchasing an additional 97,482 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of IBM traded up $2.15 during mid-day trading on Monday, hitting $175.10. The stock had a trading volume of 3,306,813 shares, compared to its average volume of 4,556,641. The company has a market cap of $160.85 billion, a PE ratio of 19.83, a PEG ratio of 4.27 and a beta of 0.71. The company’s fifty day simple moving average is $169.95 and its two-hundred day simple moving average is $176.57. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a fifty-two week low of $131.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. On average, equities analysts expect that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.81%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is presently 75.65%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group assumed coverage on International Business Machines in a research note on Monday, June 24th. They set a “buy” rating and a $200.00 price objective on the stock. Wedbush increased their price objective on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Sanford C. Bernstein increased their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. BNP Paribas assumed coverage on International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. Finally, Morgan Stanley reduced their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $182.53.

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.