Southern Capital Advisors LLC Sells 527 Shares of International Business Machines Co. (NYSE:IBM)

Southern Capital Advisors LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 24.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,658 shares of the technology company’s stock after selling 527 shares during the period. Southern Capital Advisors LLC’s holdings in International Business Machines were worth $367,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines during the 1st quarter worth $26,000. ESL Trust Services LLC purchased a new position in International Business Machines in the 1st quarter worth $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines in the 2nd quarter worth $36,000. Wolff Wiese Magana LLC raised its position in International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after purchasing an additional 60 shares during the period. Finally, Briaud Financial Planning Inc raised its position in International Business Machines by 54.3% in the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after purchasing an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on IBM. The Goldman Sachs Group lifted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Bernstein Bank boosted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $208.12.

International Business Machines Stock Up 0.5 %

Shares of International Business Machines stock opened at $215.79 on Monday. The firm’s 50 day moving average price is $215.58 and its 200-day moving average price is $190.46. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 52-week low of $142.58 and a 52-week high of $237.37. The company has a market cap of $198.77 billion, a P/E ratio of 23.67, a PEG ratio of 4.84 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 EPS. On average, sell-side analysts predict that International Business Machines Co. will post 10.13 EPS for the current fiscal year.

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.