Integral Investment Advisors Inc. Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

Integral Investment Advisors Inc. cut its position in shares of International Business Machines Co. (NYSE:IBM) by 7.2% during the first quarter, Holdings Channel.com reports. The firm owned 1,385 shares of the technology company’s stock after selling 108 shares during the quarter. Integral Investment Advisors Inc.’s holdings in International Business Machines were worth $344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $31,000. Rialto Wealth Management LLC acquired a new stake in International Business Machines during the fourth quarter worth $35,000. Tacita Capital Inc raised its position in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares during the period. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC purchased a new position in shares of International Business Machines during the 4th quarter worth $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank of Canada boosted their target price on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Finally, Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $250.31.

International Business Machines Trading Up 1.2%

IBM opened at $272.13 on Tuesday. The business has a fifty day moving average price of $248.62 and a 200 day moving average price of $242.46. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 12 month low of $166.81 and a 12 month high of $275.26. The stock has a market capitalization of $252.92 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 5.81 and a beta of 0.66.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 earnings per share. Sell-side analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.47%. International Business Machines’s dividend payout ratio is currently 115.66%.

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.