Sei Investments Co. Acquires 4,072 Shares of International Business Machines Corporation $IBM

by · The Cerbat Gem

Sei Investments Co. increased its holdings in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 301,588 shares of the technology company’s stock after purchasing an additional 4,072 shares during the quarter. Sei Investments Co.’s holdings in International Business Machines were worth $88,898,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter worth $25,000. Winnow Wealth LLC bought a new position in International Business Machines during the 2nd quarter worth about $27,000. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares in the last quarter. Dagco Inc. acquired a new stake in shares of International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada decreased their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. BMO Capital Markets lifted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Bank of America increased their target price on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

Check Out Our Latest Research Report on IBM

International Business Machines Price Performance

NYSE:IBM opened at $310.53 on Friday. The stock has a market capitalization of $290.26 billion, a PE ratio of 37.14, a P/E/G ratio of 3.11 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The firm has a fifty day simple moving average of $299.06 and a 200 day simple moving average of $277.74. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM – Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter last year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts expect 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 issued a dividend of $1.68 per share. The ex-dividend date was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

About International Business Machines

(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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