Lbmc Investment Advisors LLC Lowers Position in International Business Machines Corporation (IBM)

Lbmc Investment Advisors LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 19.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,807 shares of the technology company’s stock after selling 676 shares during the period. Lbmc Investment Advisors LLC’s holdings in International Business Machines Corporation were worth $432,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Herndon Capital Management LLC grew its holdings in International Business Machines Corporation by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the last quarter. Edge Wealth Management LLC grew its holdings in International Business Machines Corporation by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the last quarter. Peddock Capital Advisors LLC grew its holdings in International Business Machines Corporation by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the last quarter. Horan Securities Inc. grew its holdings in International Business Machines Corporation by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares during the last quarter. Finally, CKW Financial Group grew its holdings in International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 58.25% of the company’s stock.

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IBM has been the topic of a number of analyst reports. UBS AG reiterated a “neutral” rating and set a $160.00 target price (up previously from $152.00) on shares of International Business Machines Corporation in a report on Wednesday, October 18th. Jefferies Group LLC reiterated a “sell” rating and set a $125.00 target price on shares of International Business Machines Corporation in a report on Thursday, September 21st. Vetr cut International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price on the stock. in a report on Monday, July 24th. Berenberg Bank reiterated a “sell” rating and set a $125.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 target price on shares of International Business Machines Corporation in a report on Friday, October 13th. Eight research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $158.90.

Shares of International Business Machines Corporation (NYSE:IBM) opened at $148.89 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The firm has a market capitalization of $137,387.44, a PE ratio of 10.86, a PEG ratio of 2.17 and a beta of 0.94. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The company’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $3.29 earnings per share. sell-side analysts predict that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 4.03%. International Business Machines Corporation’s dividend payout ratio is presently 50.13%.

International Business Machines Corporation announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 31st that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

International Business Machines Corporation Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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