1,095 Shares in International Business Machines Co. (NYSE:IBM) Bought by EWG Elevate Inc.

EWG Elevate Inc. acquired a new position in shares of International Business Machines Co. (NYSE:IBM – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,095 shares of the technology company’s stock, valued at approximately $154,000.

Other large investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in International Business Machines during the third quarter worth $36,000. McClarren Financial Advisors Inc. acquired a new stake in International Business Machines in the third quarter worth $38,000. Ten Capital Wealth Advisors LLC increased its position in International Business Machines by 352.5% in the third quarter. Ten Capital Wealth Advisors LLC now owns 362 shares of the technology company’s stock worth $43,000 after buying an additional 282 shares during the period. Heritage Wealth Management LLC acquired a new stake in International Business Machines in the second quarter worth $47,000. Finally, Bray Capital Advisors increased its position in International Business Machines by 33.3% in the third quarter. Bray Capital Advisors now owns 404 shares of the technology company’s stock worth $48,000 after buying an additional 101 shares during the period. 55.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IBM shares. Morgan Stanley dropped their target price on International Business Machines from $148.00 to $143.00 in a research report on Thursday, January 26th. BMO Capital Markets increased their target price on International Business Machines from $148.00 to $155.00 and gave the stock a “market perform” rating in a research report on Thursday, January 26th. Stifel Nicolaus increased their target price on International Business Machines from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. Moffett Nathanson raised International Business Machines from an “underperform” rating to a “market perform” rating and set a $140.00 target price on the stock in a research report on Tuesday, January 24th. Finally, StockNews.com assumed coverage on International Business Machines in a research report on Thursday. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $142.73.

International Business Machines Stock Performance

Shares of IBM traded down $1.01 during trading hours on Friday, reaching $123.69. 37,400,167 shares of the company’s stock traded hands, compared to its average volume of 5,355,924. The firm has a market capitalization of $112.20 billion, a price-to-earnings ratio of 70.28, a P/E/G ratio of 3.22 and a beta of 0.85. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.92 and a quick ratio of 0.87. International Business Machines Co. has a twelve month low of $115.54 and a twelve month high of $153.21. The business’s fifty day simple moving average is $134.65 and its two-hundred day simple moving average is $135.07.

International Business Machines (NYSE:IBM – Get Rating) last released its earnings results on Wednesday, January 25th. The technology company reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.61 by ($0.01). The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.38 billion. International Business Machines had a return on equity of 41.24% and a net margin of 2.71%. International Business Machines’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.35 earnings per share. Analysts predict that International Business Machines Co. will post 9.46 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Thursday, February 9th. International Business Machines’s payout ratio is currently 375.00%.

International Business Machines Profile

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International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure and modernize their environments.