Insight 2811 Inc. Sells 100 Shares of International Business Machines Co. (NYSE:IBM)

Insight 2811 Inc. lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 2.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,454 shares of the technology company’s stock after selling 100 shares during the period. Insight 2811 Inc.’s holdings in International Business Machines were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Gilbert & Cook Inc. increased its stake in shares of International Business Machines by 2.7% in the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after acquiring an additional 101 shares in the last quarter. Aveo Capital Partners LLC increased its stake in International Business Machines by 3.6% in the fourth quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock valued at $507,000 after purchasing an additional 109 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of International Business Machines by 6.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after purchasing an additional 147 shares during the period. Versor Investments LP acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $247,000. Finally, AGF Management Ltd. increased its position in International Business Machines by 3.7% in the 4th quarter. AGF Management Ltd. now owns 23,317 shares of the technology company’s stock valued at $3,813,000 after buying an additional 826 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday. Stifel Nicolaus lifted their price target on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. BMO Capital Markets lifted their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $185.93.

International Business Machines Stock Performance

International Business Machines stock traded down $1.85 during mid-day trading on Friday, reaching $200.74. 3,304,491 shares of the company’s stock were exchanged, compared to its average volume of 4,223,954. The firm has a market capitalization of $184.40 billion, a PE ratio of 22.73, a P/E/G ratio of 4.50 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. The business’s fifty day simple moving average is $189.52 and its 200 day simple moving average is $182.50. International Business Machines Co. has a one year low of $135.87 and a one year high of $205.95.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.33%. International Business Machines’s payout ratio is currently 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.