Intergy Private Wealth LLC Has $981,000 Holdings in International Business Machines Co. (NYSE:IBM)

Intergy Private Wealth LLC decreased its stake in International Business Machines Co. (NYSE:IBM) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,437 shares of the technology company’s stock after selling 181 shares during the quarter. Intergy Private Wealth LLC’s holdings in International Business Machines were worth $981,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of International Business Machines in the 2nd quarter worth about $7,160,000. Hodges Capital Management Inc. grew its stake in International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after buying an additional 7,768 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in shares of International Business Machines by 10.8% in the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock valued at $491,000 after acquiring an additional 250 shares during the last quarter. Smith Thornton Advisors LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $702,000. Finally, Retirement Planning Group LLC bought a new stake in International Business Machines during the 3rd quarter worth approximately $618,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 0.2 %

NYSE IBM traded down $0.44 during trading on Friday, reaching $232.44. 929,736 shares of the stock traded hands, compared to its average volume of 4,176,928. The stock’s 50-day moving average price is $211.38 and its 200 day moving average price is $188.85. 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 firm has a market cap of $213.52 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $237.37.

International Business Machines (NYSE:IBM) last posted its earnings results 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. 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 in the previous year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts predict that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued 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 2.87%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IBM shares. The Goldman Sachs Group lifted their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. BMO Capital Markets increased their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on shares of International Business Machines from $211.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Finally, Bernstein Bank boosted their price objective on shares of 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. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $203.06.

International Business Machines Company 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.