Financial Partners Group LLC Decreases Holdings in International Business Machines Co. (NYSE:IBM)

Financial Partners Group LLC cut its stake in International Business Machines Co. (NYSE:IBM) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,886 shares of the technology company’s stock after selling 208 shares during the quarter. Financial Partners Group LLC’s holdings in International Business Machines were worth $1,301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. Silver Oak Securities Incorporated boosted its holdings in International Business Machines by 8.6% in the 3rd quarter. Silver Oak Securities Incorporated now owns 4,910 shares of the technology company’s stock worth $1,084,000 after acquiring an additional 390 shares during the period. Moody Lynn & Lieberson LLC lifted its position in shares of International Business Machines by 488.3% during the third quarter. Moody Lynn & Lieberson LLC now owns 13,743 shares of the technology company’s stock worth $3,038,000 after purchasing an additional 11,407 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in shares of International Business Machines in the third quarter valued at $382,000. Mainstay Capital Management LLC ADV grew its holdings in International Business Machines by 1.5% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 9,602 shares of the technology company’s stock valued at $2,123,000 after purchasing an additional 139 shares in the last quarter. Finally, Tectonic Advisors LLC increased its stake in International Business Machines by 11.2% during the 3rd quarter. Tectonic Advisors LLC now owns 46,825 shares of the technology company’s stock worth $10,352,000 after buying an additional 4,716 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research note on Wednesday, October 2nd. Bernstein Bank upped their target price on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Morgan Stanley decreased their price target on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Bank of America upped their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $208.12.

International Business Machines Stock Performance

Shares of IBM stock opened at $218.28 on Friday. The business has a 50 day moving average of $214.67 and a two-hundred day moving average of $190.05. International Business Machines Co. has a 52 week low of $136.33 and a 52 week high of $237.37. The company has a market cap of $200.51 billion, a P/E ratio of 24.72, a PEG ratio of 5.21 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. As a group, analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

International Business Machines 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.