Silver Oak Securities Incorporated Has $807,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Silver Oak Securities Incorporated boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,933 shares of the technology company’s stock after purchasing an additional 735 shares during the quarter. Silver Oak Securities Incorporated’s holdings in International Business Machines were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after acquiring an additional 2,636,386 shares during the period. Morgan Stanley grew its position in International Business Machines by 13.4% in the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after purchasing an additional 1,919,490 shares during the last quarter. California Public Employees Retirement System grew its position in International Business Machines by 15.9% in the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after purchasing an additional 871,247 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of International Business Machines by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock worth $1,219,399,000 after purchasing an additional 807,357 shares during the period. Finally, Northern Trust Corp raised its position in shares of International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after buying an additional 404,948 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $167.51 on Tuesday. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The firm’s 50-day moving average price is $187.19 and its two-hundred day moving average price is $170.72. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $153.56 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 4.08 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the previous year, the company posted $1.36 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America upped their price target on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Wedbush upped their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Jefferies Financial Group dropped their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Finally, Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $184.08.

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.