International Business Machines Corporation $IBM Position Decreased by OneAscent Financial Services LLC

OneAscent Financial Services LLC lowered its holdings in International Business Machines Corporation (NYSE:IBMFree Report) by 69.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,332 shares of the technology company’s stock after selling 2,975 shares during the period. OneAscent Financial Services LLC’s holdings in International Business Machines were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Family CFO Inc acquired a new position in International Business Machines in the second quarter worth approximately $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines during the 2nd quarter worth $27,000. Highline Wealth Partners LLC boosted its stake in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares in the last quarter. Silicon Valley Capital Partners grew its holdings in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Copia Wealth Management raised its position in shares of International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after purchasing an additional 49 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 2.5%

Shares of NYSE IBM opened at $302.26 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The business has a 50-day moving average price of $303.98 and a two-hundred day moving average price of $281.69. The firm has a market capitalization of $282.53 billion, a PE ratio of 36.16, a PEG ratio of 2.73 and a beta of 0.70.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.30 earnings per share. As a group, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

Analyst Ratings Changes

A number of equities analysts recently weighed in on IBM shares. Oppenheimer began coverage on International Business Machines in a research report on Friday, November 21st. They issued an “outperform” rating and a $360.00 price target for the company. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Friday, December 5th. Jefferies Financial Group upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and raised their target price for the stock from $300.00 to $360.00 in a report on Monday. Bank of America lifted their target price on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.85.

View Our Latest Stock Report on International Business Machines

International Business Machines Profile

(Free Report)

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.

Further Reading

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

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