World Investment Advisors Has $14.34 Million Holdings in International Business Machines Corporation $IBM

World Investment Advisors decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 10.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 59,147 shares of the technology company’s stock after selling 6,988 shares during the period. World Investment Advisors’ holdings in International Business Machines were worth $14,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock worth $571,000 after purchasing an additional 186 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of International Business Machines during the second quarter worth $211,000. Ieq Capital LLC grew its stake in shares of International Business Machines by 2.2% during the second quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after purchasing an additional 843 shares during the period. Finally, Vivaldi Capital Management LP increased its holdings in International Business Machines by 11.6% in the second quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock valued at $300,000 after purchasing an additional 106 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of International Business Machines from a “neutral” rating to an “overweight” rating and increased their price target for the company from $270.00 to $291.00 in a research report on Tuesday, June 23rd. Weiss Ratings downgraded shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a report on Tuesday, June 23rd. They issued a “buy” rating on the stock. Wedbush set a $350.00 price target on shares of International Business Machines in a report on Tuesday, June 2nd. Finally, Susquehanna assumed coverage on shares of International Business Machines in a research report on Tuesday, June 23rd. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $306.76.

International Business Machines Trading Down 0.2%

NYSE:IBM opened at $288.95 on Friday. The company has a market cap of $271.58 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The business has a 50 day moving average price of $256.99 and a two-hundred day moving average price of $266.36. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. As a group, analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is 59.77%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.