International Business Machines Co. (NYSE:IBM) Stock Position Raised by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in shares of International Business Machines Co. (NYSE:IBMFree Report) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,629 shares of the technology company’s stock after acquiring an additional 14,196 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in International Business Machines were worth $11,593,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IBM. Cantor Fitzgerald Investment Advisor L.P increased its stake in International Business Machines by 97.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after buying an additional 127,093 shares during the period. Roundview Capital LLC acquired a new stake in International Business Machines in the 1st quarter worth $203,000. Sei Investments Co. grew its position in International Business Machines by 35.7% in the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock worth $23,157,000 after purchasing an additional 46,756 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in International Business Machines by 1.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock worth $12,438,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of International Business Machines by 1.5% during the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock worth $49,698,000 after acquiring an additional 5,506 shares during the period. Institutional investors and hedge funds own 56.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of International Business Machines from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Bank of America upped their price target on shares of International Business Machines from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, Societe Generale reissued a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $171.92.

Check Out Our Latest Analysis on IBM

International Business Machines Price Performance

Shares of IBM opened at $183.40 on Tuesday. The firm has a market capitalization of $167.47 billion, a PE ratio of 22.56, a PEG ratio of 3.65 and a beta of 0.71. The company’s 50-day moving average is $166.86 and its 200-day moving average is $152.62. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $196.90. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same period in the prior year, the company posted $3.60 earnings per share. International Business Machines’s revenue was up 4.1% compared to the same quarter last year. Equities analysts forecast that International Business Machines Co. will post 10.03 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 9th. Shareholders of record on Friday, February 9th will be paid a dividend of $1.66 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.62%. International Business Machines’s payout ratio is 81.67%.

International Business Machines Profile

(Free Report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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

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