Certified Advisory Corp Sells 169 Shares of International Business Machines Co. (NYSE:IBM)

Certified Advisory Corp lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,464 shares of the technology company’s stock after selling 169 shares during the period. Certified Advisory Corp’s holdings in International Business Machines were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IBM. Naples Money Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter valued at $28,000. Briaud Financial Planning Inc bought a new stake in shares of International Business Machines in the third quarter worth approximately $31,000. Stone House Investment Management LLC raised its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its position in International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 91 shares during the period. Finally, Cordant Inc. grew its position in International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $1.44 during trading on Wednesday, hitting $174.91. 1,042,119 shares of the company’s stock were exchanged, compared to its average volume of 4,764,283. The business’s 50-day simple moving average is $180.44 and its 200 day simple moving average is $173.73. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. International Business Machines Co. has a 52-week low of $125.01 and a 52-week high of $199.18. The company has a market cap of $160.67 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 4.19 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the firm posted $1.36 EPS. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that International Business Machines Co. will post 9.91 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is 75.65%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group dropped their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research note on Thursday, May 16th. Morgan Stanley cut their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $181.29.

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.