19,929 Shares in International Business Machines Corporation $IBM Acquired by Green Alpha Advisors LLC

Key Points

• Green Alpha Advisors acquired 19,929 IBM shares worth approximately $5.6 million during the second quarter, making IBM its fifth-largest holding and representing about 3.8% of its portfolio.
• IBM reported quarterly adjusted earnings of $2.93 per share, in line with estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of expectations.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to $6.76 annually and a 2.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $265.90.

Green Alpha Advisors LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,929 shares of the technology company's stock, valued at approximately $5,604,000. International Business Machines comprises about 3.8% of Green Alpha Advisors LLC's portfolio, making the stock its 5th biggest holding.

Other large investors have also recently modified their holdings of the company. Orca Wealth Management LLC increased its holdings in International Business Machines by 3.7% in the fourth quarter. Orca Wealth Management LLC now owns 975 shares of the technology company's stock valued at $285,000 after purchasing an additional 35 shares during the period. Friday Financial raised its position in International Business Machines by 1.9% during the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company's stock worth $583,000 after purchasing an additional 35 shares during the last quarter. First Command Advisory Services Inc. lifted its holdings in International Business Machines by 1.1% during the 4th quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company's stock worth $1,025,000 after buying an additional 36 shares during the period. Washington Trust Bank grew its position in shares of International Business Machines by 2.2% in the 4th quarter. Washington Trust Bank now owns 1,712 shares of the technology company's stock valued at $507,000 after buying an additional 37 shares during the last quarter. Finally, HORAN Wealth LLC grew its position in shares of International Business Machines by 1.3% in the 4th quarter. HORAN Wealth LLC now owns 2,851 shares of the technology company's stock valued at $844,000 after buying an additional 37 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

International Business Machines Stock Up 0.1%

Shares of NYSE IBM opened at $234.87 on Friday. The firm has a market cap of $221.28 billion, a PE ratio of 20.84, a P/E/G ratio of 2.24 and a beta of 0.71. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The company's fifty day simple moving average is $241.67 and its 200 day simple moving average is $247.13. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same period in the previous year, the firm posted $2.80 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines's dividend payout ratio is 59.98%.

Analysts Set New Price Targets

A number of research firms recently commented on IBM. Robert W. Baird assumed coverage on International Business Machines in a research note on Tuesday, July 21st. They issued a "neutral" rating and a $230.00 price objective on the stock. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group set a $270.00 price target on shares of International Business Machines in a research report on Thursday, July 23rd. Stifel Nicolaus reduced their price objective on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Finally, Oppenheimer downgraded shares of International Business Machines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.90.

International Business Machines 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.

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