Kintegral Advisory LLC Reduces Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Kintegral Advisory LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,494 shares of the technology company's stock after selling 8,089 shares during the period. Kintegral Advisory LLC's holdings in International Business Machines were worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in International Business Machines by 12.4% during 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 period. Assetmark Inc. lifted its stake in shares of International Business Machines by 5.7% during the 4th quarter. Assetmark Inc. now owns 40,688 shares of the technology company's stock valued at $8,944,000 after buying an additional 2,210 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in International Business Machines by 81.5% in the 4th quarter. Proficio Capital Partners LLC now owns 2,686 shares of the technology company's stock worth $591,000 after buying an additional 1,206 shares during the period. Cullen Frost Bankers Inc. grew its stake in International Business Machines by 0.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 84,239 shares of the technology company's stock valued at $18,518,000 after buying an additional 231 shares in the last quarter. Finally, Vision Financial Markets LLC bought a new stake in International Business Machines during the 4th quarter valued at $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Morgan Stanley decreased their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Bank of America boosted their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Finally, Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines has a consensus rating of "Hold" and an average target price of $257.50.

International Business Machines Stock Up 1.4%

Shares of NYSE:IBM opened at $291.66 on Friday. The firm has a market capitalization of $271.06 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 6.04 and a beta of 0.69. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines Corporation has a 52-week low of $173.95 and a 52-week high of $296.16. The firm has a fifty day moving average of $267.18 and a 200 day moving average of $249.22.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a dividend of $1.68 per share. 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 yield of 2.30%. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

International Business Machines 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.

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