Courier Capital LLC Has $8.02 Million Position in International Business Machines Co. (NYSE:IBM)

Courier Capital LLC reduced its position in shares of International Business Machines Co. (NYSE:IBM) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,013 shares of the technology company’s stock after selling 740 shares during the quarter. Courier Capital LLC’s holdings in International Business Machines were worth $8,016,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new stake in shares of International Business Machines in the second quarter valued at about $28,000. Live Oak Investment Partners acquired a new position in International Business Machines in the fourth quarter worth about $30,000. Briaud Financial Planning Inc acquired a new position in International Business Machines in the third quarter worth about $31,000. PCA Investment Advisory Services Inc. acquired a new position in International Business Machines in the second quarter worth about $31,000. Finally, Stone House Investment Management LLC raised its position in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada raised their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. Finally, Societe Generale reaffirmed a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $176.85.

International Business Machines Price Performance

IBM opened at $190.80 on Thursday. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The company’s 50 day simple moving average is $186.30 and its 200-day simple moving average is $163.98. The stock has a market capitalization of $174.91 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the prior year, the firm earned $3.60 earnings per share. International Business Machines’s revenue was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. International Business Machines’s payout ratio is presently 81.67%.

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.