Harbour Investments Inc. Decreases Stake in International Business Machines Co. (NYSE:IBM)

Harbour Investments Inc. lessened its stake in International Business Machines Co. (NYSE:IBM) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,519 shares of the technology company’s stock after selling 122 shares during the quarter. Harbour Investments Inc.’s holdings in International Business Machines were worth $955,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines in the first quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines in the first quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its stake in shares of International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBM. Jefferies Financial Group lifted their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. BNP Paribas assumed coverage on International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. Royal Bank of Canada boosted their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $184.93.

International Business Machines Stock Down 0.0 %

NYSE IBM traded down $0.06 during trading on Wednesday, hitting $198.67. 1,252,861 shares of the company traded hands, compared to its average volume of 4,239,985. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $200.00. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $182.50 billion, a P/E ratio of 22.60, a PEG ratio of 4.24 and a beta of 0.71. The business has a fifty day simple moving average of $184.36 and a 200 day simple moving average of $181.51.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.18 EPS. As a group, sell-side analysts predict that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, August 9th. International Business Machines’s payout ratio is presently 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.