Dynamic Advisor Solutions LLC Reduces Holdings in International Business Machines Co. (NYSE:IBM)

Dynamic Advisor Solutions LLC decreased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,206 shares of the technology company's stock after selling 2,959 shares during the period. Dynamic Advisor Solutions LLC's holdings in International Business Machines were worth $8,506,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IBM. Tallon Kerry Patrick purchased a new position in International Business Machines in the fourth quarter worth $902,000. Brighton Jones LLC boosted its position in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Root Financial Partners LLC purchased a new position in International Business Machines in the fourth quarter worth $245,000. Blue Trust Inc. boosted its position in International Business Machines by 14.6% in the fourth quarter. Blue Trust Inc. now owns 20,962 shares of the technology company's stock worth $4,608,000 after purchasing an additional 2,673 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in International Business Machines by 0.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 14,096 shares of the technology company's stock worth $3,099,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock traded down $4.20 during midday trading on Friday, hitting $276.84. 3,242,911 shares of the company's stock were exchanged, compared to its average volume of 4,237,292. International Business Machines Co. has a 52-week low of $167.50 and a 52-week high of $283.06. The stock has a 50-day moving average price of $252.60 and a two-hundred day moving average price of $243.78. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $257.29 billion, a P/E ratio of 43.19, a PEG ratio of 5.81 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The firm's revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.43%. International Business Machines's dividend payout ratio is presently 115.66%.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. UBS Group reissued a "sell" rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Royal Bank of Canada boosted their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $250.31.

International Business Machines Company 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.