International Business Machines Co. (NYSE:IBM) Holdings Decreased by Valley National Advisers Inc.

Valley National Advisers Inc. decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,851 shares of the technology company’s stock after selling 543 shares during the quarter. Valley National Advisers Inc.’s holdings in International Business Machines were worth $3,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FPC Investment Advisory Inc. purchased a new position in International Business Machines in the first quarter valued at about $26,000. ESL Trust Services LLC purchased a new position in International Business Machines in the first quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines in the second quarter valued at about $36,000. Wolff Wiese Magana LLC grew its stake in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after purchasing an additional 60 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in International Business Machines by 47.2% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $53,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $214.67 on Friday. International Business Machines Co. has a twelve month low of $141.58 and a twelve month high of $237.37. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The stock has a market capitalization of $197.74 billion, a PE ratio of 23.67, a P/E/G ratio of 4.84 and a beta of 0.70. The stock has a 50-day simple moving average of $215.58 and a 200 day simple moving average of $190.43.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period in the previous year, the company posted $2.20 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that International Business Machines Co. will post 10.13 EPS for the current year.

International Business Machines Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.11%. International Business Machines’s dividend payout ratio is 73.65%.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Morgan Stanley reduced their price target on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research report on Thursday. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $208.12.

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.