International Business Machines Co. (NYSE:IBM) Holdings Raised by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in International Business Machines Co. (NYSE:IBM) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,561 shares of the technology company’s stock after acquiring an additional 110 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in International Business Machines were worth $1,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. boosted its holdings in shares of International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after buying an additional 54 shares during the period. Avion Wealth boosted its holdings in shares of International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after buying an additional 56 shares during the period. Financial Security Advisor Inc. boosted its holdings in shares of International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after buying an additional 61 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in International Business Machines by 3.6% during the fourth quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company’s stock worth $284,000 after purchasing an additional 61 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in International Business Machines by 0.9% during the fourth quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 62 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. BMO Capital Markets increased their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Jefferies Financial Group assumed coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $178.67.

International Business Machines Stock Performance

NYSE:IBM traded down $1.87 during mid-day trading on Thursday, reaching $181.23. 1,522,623 shares of the company’s stock were exchanged, compared to its average volume of 4,785,090. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The firm has a market capitalization of $166.14 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.70. The business’s fifty day simple moving average is $188.61 and its two-hundred day simple moving average is $168.54. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

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, topping analysts’ consensus estimates 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 analyst estimates of $17.29 billion. During the same period last year, the firm earned $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.66%. International Business Machines’s payout ratio is 81.67%.

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.