International Business Machines Co. (NYSE:IBM) Shares Acquired by SPC Financial Inc.

SPC Financial Inc. lifted its stake in International Business Machines Co. (NYSE:IBM) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 16,637 shares of the technology company’s stock after purchasing an additional 127 shares during the period. SPC Financial Inc.’s holdings in International Business Machines were worth $2,877,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Arden Trust Co lifted its stake in shares of International Business Machines by 2.8% in the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after purchasing an additional 54 shares during the period. Armbruster Capital Management Inc. lifted its position in shares of International Business Machines by 2.3% during the 2nd quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock valued at $432,000 after acquiring an additional 56 shares during the period. CVA Family Office LLC boosted its stake in shares of International Business Machines by 3.3% during the 2nd quarter. CVA Family Office LLC now owns 1,796 shares of the technology company’s stock worth $311,000 after acquiring an additional 57 shares in the last quarter. Mill Creek Capital Advisors LLC grew its holdings in shares of International Business Machines by 5.1% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 1,165 shares of the technology company’s stock worth $201,000 after acquiring an additional 57 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in International Business Machines by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on IBM shares. UBS Group boosted their target price on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Jefferies Financial Group lifted their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. BMO Capital Markets increased their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price objective on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price of $191.93.

International Business Machines Stock Up 0.1 %

IBM opened at $221.07 on Tuesday. The stock has a market capitalization of $203.08 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $224.15. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The business has a 50-day moving average of $200.91 and a two-hundred day moving average of $185.34.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 earnings per share. On average, research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s payout ratio is currently 75.65%.

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.