Trajan Wealth LLC Sells 105 Shares of International Business Machines Co. (NYSE:IBM)

Trajan Wealth LLC trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 27,410 shares of the technology company’s stock after selling 105 shares during the quarter. Trajan Wealth LLC’s holdings in International Business Machines were worth $6,060,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Adell Harriman & Carpenter Inc. boosted its position in shares of International Business Machines by 2.7% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 63,532 shares of the technology company’s stock worth $14,046,000 after acquiring an additional 1,660 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in International Business Machines by 10.7% during the third quarter. Childress Capital Advisors LLC now owns 2,161 shares of the technology company’s stock worth $478,000 after purchasing an additional 209 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in shares of International Business Machines by 83.5% in the 3rd quarter. Fidelis Capital Partners LLC now owns 6,256 shares of the technology company’s stock valued at $1,456,000 after purchasing an additional 2,846 shares in the last quarter. Valmark Advisers Inc. increased its stake in shares of International Business Machines by 6.8% in the 3rd quarter. Valmark Advisers Inc. now owns 4,651 shares of the technology company’s stock valued at $1,028,000 after purchasing an additional 297 shares during the last quarter. Finally, GW Henssler & Associates Ltd. raised its holdings in shares of International Business Machines by 3.7% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 1,625 shares of the technology company’s stock worth $359,000 after buying an additional 58 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on IBM shares. Jefferies Financial Group lifted their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Finally, DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Down 1.2 %

Shares of NYSE IBM opened at $210.43 on Wednesday. The company’s 50 day moving average price is $216.23 and its 200-day moving average price is $190.85. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a 52-week low of $142.58 and a 52-week high of $237.37. The company has a market capitalization of $193.30 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts forecast that International Business Machines Co. will post 10.13 earnings per share for the current year.

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.