Good Life Advisors LLC Reduces Stock Position in International Business Machines Co. (NYSE:IBM)

Good Life Advisors LLC cut its holdings in International Business Machines Co. (NYSE:IBM) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,255 shares of the technology company’s stock after selling 394 shares during the period. Good Life Advisors LLC’s holdings in International Business Machines were worth $1,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. MJP Associates Inc. ADV boosted its stake in shares of International Business Machines by 56.8% during the 4th quarter. MJP Associates Inc. ADV now owns 6,539 shares of the technology company’s stock worth $1,069,000 after purchasing an additional 2,370 shares during the period. Kaizen Financial Strategies bought a new stake in shares of International Business Machines in the 4th quarter valued at about $327,000. LaFleur & Godfrey LLC raised its holdings in shares of International Business Machines by 81.1% in the 4th quarter. LaFleur & Godfrey LLC now owns 38,845 shares of the technology company’s stock valued at $6,353,000 after purchasing an additional 17,400 shares in the last quarter. Procyon Advisors LLC raised its stake in shares of International Business Machines by 32.1% during the 4th quarter. Procyon Advisors LLC now owns 4,871 shares of the technology company’s stock worth $797,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Next Level Private LLC raised its stake in shares of International Business Machines by 1.9% during the 4th quarter. Next Level Private LLC now owns 21,211 shares of the technology company’s stock worth $3,469,000 after acquiring an additional 399 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

International Business Machines stock traded up $0.16 during mid-day trading on Thursday, reaching $190.96. 3,691,975 shares of the company were exchanged, compared to its average volume of 5,221,132. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The company has a fifty day simple moving average of $186.79 and a 200-day simple moving average of $164.17. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market cap of $175.06 billion, a PE ratio of 23.52, a PEG ratio of 3.69 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.60 EPS. As a group, equities research analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. International Business Machines’s payout ratio is 81.67%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IBM shares. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America raised their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Societe Generale reaffirmed a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. One research analyst has 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 stock currently has a consensus rating of “Hold” and a consensus price target of $176.85.

International Business Machines Profile

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.