International Business Machines Corporation $IBM Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,317 shares of the technology company’s stock after acquiring an additional 2,480 shares during the period. Valeo Financial Advisors LLC’s holdings in International Business Machines were worth $5,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares in the last quarter. Strategies Wealth Advisors LLC acquired a new position in shares of International Business Machines during the first quarter valued at approximately $398,000. Vestmark Advisory Solutions Inc. acquired a new position in shares of International Business Machines during the first quarter valued at approximately $225,000. Tocqueville Asset Management L.P. raised its holdings in International Business Machines by 1.1% during the first quarter. Tocqueville Asset Management L.P. now owns 28,728 shares of the technology company’s stock worth $7,143,000 after purchasing an additional 325 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in International Business Machines by 14.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 145,171 shares of the technology company’s stock worth $36,098,000 after purchasing an additional 18,437 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.5%

Shares of IBM opened at $309.33 on Monday. The business’s 50-day moving average price is $299.47 and its 200 day moving average price is $278.32. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $289.14 billion, a P/E ratio of 37.00, a P/E/G ratio of 3.08 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company posted $2.30 earnings per share. Analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IBM shares. Jefferies Financial Group lifted their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research report on Tuesday, October 21st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research note on Wednesday. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Royal Bank Of Canada cut their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Finally, Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $293.38.

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.