Rational Advisors Inc. Has $686,000 Position in International Business Machines Corporation (NYSE:IBM)

Rational Advisors Inc. reduced its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 36.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,760 shares of the technology company's stock after selling 1,593 shares during the period. Rational Advisors Inc.'s holdings in International Business Machines were worth $686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SkyOak Wealth LLC boosted its position in shares of International Business Machines by 1.3% during the first quarter. SkyOak Wealth LLC now owns 15,166 shares of the technology company's stock worth $3,771,000 after buying an additional 190 shares during the period. MA Private Wealth boosted its position in International Business Machines by 3.6% during the first quarter. MA Private Wealth now owns 2,208 shares of the technology company's stock valued at $549,000 after purchasing an additional 77 shares during the last quarter. Callahan Advisors LLC boosted its position in International Business Machines by 11.0% during the first quarter. Callahan Advisors LLC now owns 6,171 shares of the technology company's stock valued at $1,534,000 after purchasing an additional 613 shares during the last quarter. Greater Midwest Financial Group LLC boosted its position in International Business Machines by 6.6% during the first quarter. Greater Midwest Financial Group LLC now owns 1,472 shares of the technology company's stock valued at $366,000 after purchasing an additional 91 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its position in International Business Machines by 12.8% during the first quarter. Diversify Wealth Management LLC now owns 17,574 shares of the technology company's stock valued at $4,207,000 after purchasing an additional 1,997 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE IBM opened at $283.33 on Friday. The firm has a market cap of $263.33 billion, a P/E ratio of 48.77, a price-to-earnings-growth ratio of 6.04 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 1-year low of $178.50 and a 1-year high of $296.16. The business's 50 day moving average is $273.18 and its 200-day moving average is $251.92.

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

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.37%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on 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 increased their price target on International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Morgan Stanley cut their price objective on 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $259.06.

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.

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