International Business Machines Corporation (NYSE:IBM) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. decreased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 26.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,157 shares of the technology company's stock after selling 3,949 shares during the quarter. Kovack Advisors Inc.'s holdings in International Business Machines were worth $2,774,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. Congress Wealth Management LLC DE boosted its stake in shares of International Business Machines by 10.1% during the 4th quarter. Congress Wealth Management LLC DE now owns 21,730 shares of the technology company's stock worth $4,777,000 after purchasing an additional 1,987 shares during the period. Modern Wealth Management LLC boosted its stake in shares of International Business Machines by 46.1% during the 4th quarter. Modern Wealth Management LLC now owns 14,493 shares of the technology company's stock worth $3,186,000 after purchasing an additional 4,572 shares during the period. Ashton Thomas Securities LLC boosted its stake in shares of International Business Machines by 89.6% during the 4th quarter. Ashton Thomas Securities LLC now owns 2,543 shares of the technology company's stock worth $560,000 after purchasing an additional 1,202 shares during the period. Finally, FineMark National Bank & Trust boosted its stake in shares of International Business Machines by 1.6% during the 4th quarter. FineMark National Bank & Trust now owns 9,269 shares of the technology company's stock worth $2,038,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Morgan Stanley lowered their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Bank of America lowered their price objective on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday. Finally, KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $268.75.

International Business Machines Price Performance

IBM traded down $0.81 during midday trading on Friday, hitting $259.70. 7,751,998 shares of the company traded hands, compared to its average volume of 4,403,863. The company has a current ratio of 0.91, a quick ratio of 0.97 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $241.36 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 5.50 and a beta of 0.69. International Business Machines Corporation has a 52-week low of $181.81 and a 52-week high of $296.16. The business has a 50 day simple moving average of $277.69 and a two-hundred day simple moving average of $256.04.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.43 earnings per share. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 109.09%.

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.