Eagle Bay Advisors LLC Has $614,000 Stake in International Business Machines Co. (NYSE:IBM)

Eagle Bay Advisors LLC lowered its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,547 shares of the technology company’s stock after selling 214 shares during the period. Eagle Bay Advisors LLC’s holdings in International Business Machines were worth $614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after purchasing an additional 5,546,855 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in International Business Machines by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock worth $1,048,631,000 after buying an additional 61,028 shares during the last quarter. Norges Bank acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $1,019,009,000. Dimensional Fund Advisors LP raised its stake in shares of International Business Machines by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock valued at $736,015,000 after acquiring an additional 97,482 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after acquiring an additional 2,118,165 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.4 %

NYSE IBM traded up $0.75 during trading on Tuesday, hitting $198.73. The stock had a trading volume of 2,616,812 shares, compared to its average volume of 4,258,087. The company has a market capitalization of $182.55 billion, a PE ratio of 22.51, a P/E/G ratio of 4.24 and a beta of 0.71. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $199.40. The company’s 50-day moving average price is $184.36 and its two-hundred day moving average price is $181.51. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the company posted $2.18 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast 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 given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IBM. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. BMO Capital Markets boosted 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 research report on Thursday, July 25th. BNP Paribas initiated coverage on International Business Machines in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price objective for the company. Stifel Nicolaus raised their target price on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $184.93.

About International Business Machines

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.