International Business Machines Corporation (IBM) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 62,192 shares of the technology company’s stock after selling 872 shares during the period. Seizert Capital Partners LLC’s holdings in International Business Machines were worth $9,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Herndon Capital Management LLC boosted its position in International Business Machines by 39.0% in the second 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 in the last quarter. Edge Wealth Management LLC lifted its position in shares of International Business Machines by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares in the last quarter. Peddock Capital Advisors LLC lifted its position in shares of International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares in the last quarter. Horan Securities Inc. lifted its position in shares of International Business Machines by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of International Business Machines by 85.1% during the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after purchasing an additional 441 shares in the last quarter. 57.26% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (NYSE:IBM) opened at $156.46 on Tuesday. The firm has a market cap of $143,275.48, a price-to-earnings ratio of 11.33, a PEG ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

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

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio is 50.13%.

A number of equities research analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and set a $155.00 price target on shares of International Business Machines in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $160.00 price target on shares of International Business Machines in a research note on Friday, August 18th. Oppenheimer reaffirmed a “hold” rating on shares of International Business Machines in a research note on Wednesday, October 18th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $170.25 price objective for the company in a research report on Monday, November 27th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. International Business Machines presently has an average rating of “Hold” and a consensus target price of $159.12.

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International Business Machines Company 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.

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

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