Nottingham Advisors Inc. Lowers Stake in International Business Machines Co. (NYSE:IBM)

Nottingham Advisors Inc. decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 62.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329 shares of the technology company’s stock after selling 2,250 shares during the quarter. Nottingham Advisors Inc.’s holdings in International Business Machines were worth $294,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IBM. FPC Investment Advisory Inc. bought a new position in International Business Machines during the 1st quarter worth about $26,000. ESL Trust Services LLC purchased a new position in shares of International Business Machines in the 1st quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $36,000. Financial Synergies Wealth Advisors Inc. lifted its holdings 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 valued at $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after acquiring an additional 60 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent analyst reports. Bernstein Bank upped their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Jefferies Financial Group increased their price target 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. Finally, BMO Capital Markets boosted their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $200.82.

International Business Machines Trading Down 0.6 %

IBM stock traded down $1.41 during mid-day trading on Thursday, hitting $232.26. 337,574 shares of the company were exchanged, compared to its average volume of 4,169,688. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $237.37. The business has a fifty day simple moving average of $210.57 and a 200-day simple moving average of $188.54. The firm has a market capitalization of $213.35 billion, a P/E ratio of 26.46, 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 released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the firm posted $2.18 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.88%. International Business Machines’s dividend payout ratio is presently 75.65%.

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.