Sivia Capital Partners LLC Increases Stake in International Business Machines Co. (NYSE:IBM)

Sivia Capital Partners LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 6.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,454 shares of the technology company’s stock after buying an additional 90 shares during the quarter. Sivia Capital Partners LLC’s holdings in International Business Machines were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBM. SFE Investment Counsel boosted its holdings in shares of International Business Machines by 4.5% during the 2nd quarter. SFE Investment Counsel now owns 38,430 shares of the technology company’s stock valued at $6,646,000 after purchasing an additional 1,661 shares during the last quarter. Weil Company Inc. boosted its stake in International Business Machines by 2.1% during the second quarter. Weil Company Inc. now owns 3,804 shares of the technology company’s stock valued at $658,000 after buying an additional 80 shares during the last quarter. Private Advisor Group LLC grew its holdings in International Business Machines by 4.4% during the 2nd quarter. Private Advisor Group LLC now owns 172,104 shares of the technology company’s stock valued at $29,713,000 after buying an additional 7,183 shares in the last quarter. Addison Advisors LLC increased its stake in International Business Machines by 4.0% in the 2nd quarter. Addison Advisors LLC now owns 5,136 shares of the technology company’s stock worth $888,000 after acquiring an additional 199 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of International Business Machines by 3.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,547 shares of the technology company’s stock worth $786,000 after acquiring an additional 131 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Down 0.8 %

NYSE:IBM opened at $200.87 on Friday. The company has a market cap of $184.52 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 4.50 and a beta of 0.71. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $205.95. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock has a fifty day simple moving average of $189.52 and a 200-day simple moving average of $182.51.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. Analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.33%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus upped 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 report on Thursday, July 25th. UBS Group boosted their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their price objective on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $185.93.

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.