International Business Machines Co. (NYSE:IBM) is Green Alpha Advisors LLC’s 5th Largest Position

Green Alpha Advisors LLC raised its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,566 shares of the technology company’s stock after acquiring an additional 1,646 shares during the period. International Business Machines makes up 2.2% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Green Alpha Advisors LLC’s holdings in International Business Machines were worth $2,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its stake in International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after acquiring an additional 80,474 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after buying an additional 57,170 shares in the last quarter. Tsfg LLC raised its stake in shares of International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after buying an additional 109 shares in the last quarter. Auxano Advisors LLC raised its stake in shares of International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after buying an additional 156 shares in the last quarter. Finally, Waverly Advisors LLC raised its stake in shares of International Business Machines by 48.1% during the 3rd quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after buying an additional 6,397 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

International Business Machines stock traded up $3.42 during mid-day trading on Thursday, hitting $173.97. 4,721,704 shares of the company were exchanged, compared to its average volume of 4,552,762. The company has a market capitalization of $159.81 billion, a P/E ratio of 19.61, a PEG ratio of 4.21 and a beta of 0.72. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. International Business Machines Co. has a 12-month low of $129.18 and a 12-month high of $199.18. The business’s 50 day simple moving average is $171.35 and its two-hundred day simple moving average is $175.95.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. Analysts forecast that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of analyst reports. Sanford C. Bernstein increased their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of International Business Machines in a research note on Wednesday, May 22nd. Finally, BMO Capital Markets dropped their price objective on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.29.

Check Out Our Latest Stock Analysis on International Business Machines

International Business Machines Profile

(Free Report)

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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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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