Centaurus Financial Inc. Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Centaurus Financial Inc. grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 17.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,623 shares of the technology company’s stock after purchasing an additional 397 shares during the quarter. Centaurus Financial Inc.’s holdings in International Business Machines were worth $385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Financial Consulate Inc. raised its holdings in shares of International Business Machines by 4.4% in the second quarter. Financial Consulate Inc. now owns 1,695 shares of the technology company’s stock valued at $248,000 after acquiring an additional 72 shares in the last quarter. SNS Financial Group LLC boosted its position in International Business Machines by 1.7% in the 2nd quarter. SNS Financial Group LLC now owns 4,477 shares of the technology company’s stock worth $656,000 after purchasing an additional 75 shares in the last quarter. SignalPoint Asset Management LLC lifted its position in shares of International Business Machines by 2.0% during the 2nd quarter. SignalPoint Asset Management LLC now owns 3,922 shares of the technology company’s stock valued at $575,000 after buying an additional 77 shares in the last quarter. Signature Wealth Management Partners LLC raised its stake in International Business Machines by 1.9% in the 2nd quarter. Signature Wealth Management Partners LLC now owns 4,244 shares of the technology company’s stock valued at $622,000 after purchasing an additional 78 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its stake in International Business Machines by 1.2% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 6,379 shares of the technology company’s stock valued at $935,000 after purchasing an additional 78 shares during the last quarter. 55.24% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE IBM opened at $136.22 on Wednesday. The stock’s 50 day moving average price is $140.48 and its two-hundred day moving average price is $139.61. International Business Machines Co. has a 52-week low of $105.92 and a 52-week high of $152.84. The stock has a market capitalization of $122.10 billion, a P/E ratio of 22.97, a PEG ratio of 1.56 and a beta of 1.22. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 2.21.

International Business Machines (NYSE:IBM) last posted its earnings results on Sunday, July 18th. The technology company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. The firm had revenue of $18.75 billion for the quarter, compared to analysts’ expectations of $18.30 billion. International Business Machines had a return on equity of 36.79% and a net margin of 7.17%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $2.18 EPS. On average, analysts anticipate that International Business Machines Co. will post 10.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Tuesday, August 10th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend was Monday, August 9th. International Business Machines’s dividend payout ratio is presently 75.66%.

A number of research firms have recently weighed in on IBM. Morgan Stanley increased their price target on International Business Machines from $152.00 to $164.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 20th. Societe Generale raised International Business Machines from a “sell” rating to a “hold” rating and raised their target price for the stock from $121.00 to $140.00 in a research report on Tuesday, July 20th. BMO Capital Markets lifted their price target on International Business Machines from $150.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 16th. Finally, Citigroup lifted their target price on International Business Machines from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $149.86.

International Business Machines Company Profile

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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

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