Orion Portfolio Solutions LLC Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Orion Portfolio Solutions LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,678 shares of the technology company’s stock after purchasing an additional 2,187 shares during the period. Orion Portfolio Solutions LLC’s holdings in International Business Machines were worth $10,983,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IBM. Lantz Financial LLC increased its position in shares of International Business Machines by 0.9% during the second quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock worth $2,064,000 after acquiring an additional 107 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in International Business Machines by 112.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 37,135 shares of the technology company’s stock worth $6,423,000 after purchasing an additional 19,669 shares during the period. Signature Wealth Management Group raised its position in International Business Machines by 1.7% in the 2nd quarter. Signature Wealth Management Group now owns 20,752 shares of the technology company’s stock valued at $3,589,000 after purchasing an additional 347 shares in the last quarter. Alpha Cubed Investments LLC boosted its stake in shares of International Business Machines by 54.8% in the 2nd quarter. Alpha Cubed Investments LLC now owns 7,165 shares of the technology company’s stock valued at $1,239,000 after buying an additional 2,535 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of International Business Machines by 10.3% during the second quarter. Sequoia Financial Advisors LLC now owns 94,879 shares of the technology company’s stock worth $16,409,000 after buying an additional 8,851 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $238.04 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $220.10 billion, a P/E ratio of 34.65, a PEG ratio of 5.24 and a beta of 0.73. The business has a 50 day simple moving average of $221.74 and a 200-day simple moving average of $199.67. International Business Machines Co. has a twelve month low of $157.88 and a twelve month high of $238.38.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. As a group, equities analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IBM shares. UBS Group lifted their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. Jefferies Financial Group lifted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. BMO Capital Markets increased their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Bernstein Bank lifted their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $208.12.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is owned by company insiders.

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.