Houlihan Financial Resource Group Ltd. Lowers Stock Position in International Business Machines Corporation (NYSE:IBM)

Houlihan Financial Resource Group Ltd. reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,489 shares of the technology company’s stock after selling 97 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in International Business Machines were worth $868,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in 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 purchasing an additional 2,323 shares in the last quarter. FIL Ltd lifted its holdings in International Business Machines by 7.8% in the 4th quarter. FIL Ltd now owns 2,493 shares of the technology company’s stock worth $548,000 after purchasing an additional 180 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $5,225,000. Seeds Investor LLC lifted its holdings in International Business Machines by 6.6% in the 4th quarter. Seeds Investor LLC now owns 3,018 shares of the technology company’s stock worth $663,000 after purchasing an additional 187 shares in the last quarter. Finally, Bragg Financial Advisors Inc lifted its holdings in International Business Machines by 1.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 67,742 shares of the technology company’s stock worth $14,892,000 after purchasing an additional 858 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $241.88 on Monday. The stock’s fifty day moving average is $276.14 and its two-hundred day moving average is $258.48. The company has a market capitalization of $224.80 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 3.74 and a beta of 0.69. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 52 week low of $189.00 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the prior year, the company posted $2.43 EPS. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Analyst Ratings Changes

IBM has been the topic of a number of research reports. Bank of America reduced their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Morgan Stanley decreased their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Wedbush upped their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. UBS Group upped their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Finally, KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a “hold” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $268.75.

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.