Mount Yale Investment Advisors LLC Sells 2,615 Shares of International Business Machines Co. (NYSE:IBM)

Mount Yale Investment Advisors LLC lowered its holdings in International Business Machines Co. (NYSE:IBM) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,800 shares of the technology company’s stock after selling 2,615 shares during the period. Mount Yale Investment Advisors LLC’s holdings in International Business Machines were worth $4,599,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IBM. Ellenbecker Investment Group boosted its holdings in International Business Machines by 2.3% in the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company’s stock worth $453,000 after buying an additional 46 shares during the period. McAdam LLC grew its position in shares of International Business Machines by 1.5% during the third quarter. McAdam LLC now owns 3,570 shares of the technology company’s stock worth $789,000 after purchasing an additional 52 shares in the last quarter. Castleview Partners LLC grew its position in shares of International Business Machines by 3.7% during the third quarter. Castleview Partners LLC now owns 1,522 shares of the technology company’s stock worth $336,000 after purchasing an additional 55 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in International Business Machines by 2.3% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock worth $432,000 after purchasing an additional 56 shares in the last quarter. Finally, Aspect Partners LLC boosted its stake in International Business Machines by 11.2% in the 3rd quarter. Aspect Partners LLC now owns 554 shares of the technology company’s stock worth $122,000 after purchasing an additional 56 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IBM. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. Evercore ISI boosted their target price on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group lifted their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Stock Down 6.2 %

Shares of NYSE IBM opened at $218.28 on Friday. International Business Machines Co. has a 1 year low of $136.33 and a 1 year high of $237.37. The firm has a 50-day simple moving average of $214.67 and a two-hundred day simple moving average of $190.05. The company has a market cap of $200.51 billion, a P/E ratio of 24.72, a PEG ratio of 5.21 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.05. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company earned $2.20 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is presently 75.65%.

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.