International Business Machines Co. (NYSE:IBM) Holdings Decreased by Leelyn Smith LLC

Leelyn Smith LLC reduced its holdings in International Business Machines Co. (NYSE:IBM) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,556 shares of the technology company’s stock after selling 560 shares during the period. Leelyn Smith LLC’s holdings in International Business Machines were worth $2,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thoroughbred Financial Services LLC boosted its stake in shares of International Business Machines by 98.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,880 shares of the technology company’s stock worth $1,535,000 after acquiring an additional 4,400 shares in the last quarter. Parallel Advisors LLC lifted its holdings in International Business Machines by 6.3% in the 2nd quarter. Parallel Advisors LLC now owns 28,620 shares of the technology company’s stock worth $4,950,000 after purchasing an additional 1,694 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its position in International Business Machines by 9.2% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 172,887 shares of the technology company’s stock worth $29,901,000 after purchasing an additional 14,561 shares during the period. 1ST Source Bank grew its holdings in International Business Machines by 0.4% during the second quarter. 1ST Source Bank now owns 31,057 shares of the technology company’s stock valued at $5,371,000 after purchasing an additional 130 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new position in shares of International Business Machines in the second quarter valued at approximately $294,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.5 %

Shares of NYSE:IBM opened at $214.79 on Friday. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $216.09. The firm has a market cap of $197.85 billion, a P/E ratio of 24.33, a P/E/G ratio of 4.67 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 company’s 50-day moving average price is $192.83 and its two-hundred day moving average price is $183.40.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating 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 firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period last year, the company earned $2.18 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts forecast that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analysts Set New Price Targets

IBM has been the subject of a number of research analyst reports. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Jefferies Financial Group lifted their target price on 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 upped their price target on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. UBS Group lifted their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Finally, Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $188.60.

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.