Osaic Holdings Inc. Acquires 8,358 Shares of International Business Machines Corporation $IBM

Osaic Holdings Inc. boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 409,678 shares of the technology company’s stock after acquiring an additional 8,358 shares during the period. Osaic Holdings Inc.’s holdings in International Business Machines were worth $119,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised 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 valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Strategies Wealth Advisors LLC bought a new position in shares of International Business Machines during the first quarter worth approximately $398,000. Vestmark Advisory Solutions Inc. acquired a new stake in International Business Machines during the 1st quarter worth approximately $225,000. Tocqueville Asset Management L.P. boosted its stake in International Business Machines by 1.1% in the 1st quarter. Tocqueville Asset Management L.P. now owns 28,728 shares of the technology company’s stock valued at $7,143,000 after purchasing an additional 325 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in International Business Machines by 14.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 145,171 shares of the technology company’s stock valued at $36,098,000 after buying an additional 18,437 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

International Business Machines stock opened at $309.33 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a market cap of $289.14 billion, a PE ratio of 37.00, a P/E/G ratio of 3.08 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The business’s 50-day moving average price is $299.47 and its two-hundred day moving average price is $278.32.

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

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is 80.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IBM shares. Royal Bank Of Canada reduced their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $293.38.

International Business Machines Profile

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.