Ausdal Financial Partners Inc. held its stake in International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,849 shares of the technology company’s stock at the end of the first quarter. Ausdal Financial Partners Inc.’s holdings in International Business Machines Corporation were worth $805,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of IBM. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of International Business Machines Corporation during the fourth quarter worth $117,000. Jackson Grant Investment Advisers Inc. increased its position in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the last quarter. Pacific Center for Financial Services bought a new position in shares of International Business Machines Corporation during the fourth quarter worth $195,000. Retirement Planning Group bought a new position in shares of International Business Machines Corporation during the first quarter worth $212,000. Finally, Sheets Smith Wealth Management increased its position in shares of International Business Machines Corporation by 1.7% in the first quarter. Sheets Smith Wealth Management now owns 1,269 shares of the technology company’s stock worth $221,000 after buying an additional 21 shares during the last quarter. 58.60% of the stock is owned by institutional investors.
International Business Machines Corporation (IBM) opened at 145.16 on Monday. The company has a market cap of $135.28 billion, a P/E ratio of 12.05 and a beta of 0.97. International Business Machines Corporation has a 12 month low of $143.64 and a 12 month high of $182.79. The firm has a 50-day moving average price of $151.77 and a 200 day moving average price of $163.85.
International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. On average, equities analysts expect that International Business Machines Corporation will post $13.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.
COPYRIGHT VIOLATION NOTICE: “Ausdal Financial Partners Inc. Has $805,000 Stake in International Business Machines Corporation (NYSE:IBM)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/08/07/international-business-machines-corporation-nyseibm-stake-held-by-ausdal-financial-partners-inc-updated-updated.html.
A number of research analysts recently weighed in on IBM shares. Vetr downgraded International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 price objective on the stock. in a research note on Monday, April 17th. Goldman Sachs Group Inc cut their price objective on International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Zacks Investment Research downgraded International Business Machines Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 target price on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $200.00 target price (down previously from $215.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. International Business Machines Corporation presently has an average rating of “Hold” and a consensus target price of $157.40.
In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of International Business Machines Corporation stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $153.19 per share, with a total value of $263,180.42. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.
International Business Machines Corporation Company Profile
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
