Sequoia Financial Advisors LLC Has $55.09 Million Holdings in International Business Machines Corporation $IBM

Sequoia Financial Advisors LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 195,251 shares of the technology company’s stock after acquiring an additional 5,413 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in International Business Machines were worth $55,092,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Family CFO Inc bought a new stake in shares of International Business Machines during the second quarter worth $25,000. Winnow Wealth LLC bought a new stake in International Business Machines during the 2nd quarter worth about $27,000. Mountain Hill Investment Partners Corp. acquired a new position in International Business Machines during the 3rd quarter valued at about $28,000. Highline Wealth Partners LLC boosted its stake in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Finally, Copia Wealth Management raised its stake 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 buying an additional 49 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IBM. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. BMO Capital Markets upped their target price on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus target price of $303.38.

International Business Machines Price Performance

Shares of IBM opened at $305.82 on Friday. The company has a 50 day moving average of $303.46 and a 200-day moving average of $282.44. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $285.86 billion, a P/E ratio of 36.58, a P/E/G ratio of 2.96 and a beta of 0.70. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

International Business Machines Company Profile

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.