Ausdal Financial Partners Inc. Purchases 106 Shares of International Business Machines Co. (NYSE:IBM)

Ausdal Financial Partners Inc. boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,646 shares of the technology company’s stock after purchasing an additional 106 shares during the period. Ausdal Financial Partners Inc.’s holdings in International Business Machines were worth $1,841,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the 1st quarter valued at about $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines in the 1st quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in shares of International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 0.9 %

IBM traded down $1.85 during trading on Friday, reaching $200.74. The company had a trading volume of 3,304,491 shares, compared to its average volume of 4,223,954. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $205.95. The business’s fifty day moving average price is $189.52 and its 200 day moving average price is $182.50. The company has a market cap of $184.40 billion, a P/E ratio of 22.73, a PEG ratio of 4.50 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 earnings per share. Equities analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, August 9th. International Business Machines’s dividend payout ratio is presently 75.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IBM. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Jefferies Financial Group lifted their price target on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. The Goldman Sachs Group started coverage on shares of International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $185.93.

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.