International Business Machines Co. (NYSE:IBM) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its stake in International Business Machines Co. (NYSE:IBM) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,663 shares of the technology company’s stock after acquiring an additional 463 shares during the period. International Business Machines accounts for approximately 0.8% of GHP Investment Advisors Inc.’s portfolio, making the stock its 27th largest position. GHP Investment Advisors Inc.’s holdings in International Business Machines were worth $17,170,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines during the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines during the first quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines during the second quarter worth about $36,000. Wolff Wiese Magana LLC grew its holdings in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in International Business Machines by 47.2% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $53,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on IBM. Bank of America lifted their target price on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. 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 note on Thursday. Jefferies Financial Group upped their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $208.12.

International Business Machines Price Performance

Shares of NYSE IBM traded down $3.72 during trading on Friday, reaching $214.67. The company had a trading volume of 8,482,235 shares, compared to its average volume of 3,480,485. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $197.74 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70. International Business Machines Co. has a twelve month low of $141.58 and a twelve month high of $237.37. The stock has a 50-day moving average price of $215.58 and a two-hundred day moving average price of $190.42.

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

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is presently 73.65%.

International Business Machines Company 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.