Houlihan Financial Resource Group Ltd. Sells 2,152 Shares of International Business Machines Corporation $IBM

Houlihan Financial Resource Group Ltd. decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 62.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,277 shares of the technology company’s stock after selling 2,152 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in International Business Machines were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Family CFO Inc purchased a new position in shares of International Business Machines during the 2nd quarter valued at about $25,000. Winnow Wealth LLC purchased a new stake in International Business Machines in the 2nd quarter worth approximately $27,000. Mountain Hill Investment Partners Corp. bought a new stake in International Business Machines during the 3rd quarter worth approximately $28,000. Highline Wealth Partners LLC lifted its holdings in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. Finally, Copia Wealth Management boosted its position in shares of International Business Machines by 57.6% in the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after purchasing an additional 49 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. BMO Capital Markets raised their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Morgan Stanley lowered their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. Finally, Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $303.38.

International Business Machines Trading Down 3.6%

Shares of IBM stock opened at $297.88 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $278.44 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The stock’s 50-day moving average price is $303.48 and its 200-day moving average price is $282.42.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter last year, the business posted $2.30 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, November 10th. International Business Machines’s payout ratio is currently 80.38%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.