B. Riley Wealth Advisors Inc. Has $16.58 Million Holdings in International Business Machines Co. (NYSE:IBM)

B. Riley Wealth Advisors Inc. grew its position in shares of International Business Machines Co. (NYSE:IBM) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,857 shares of the technology company’s stock after buying an additional 970 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in International Business Machines were worth $16,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Mosley Wealth Management acquired a new position in International Business Machines during the fourth quarter worth $312,000. Hodges Capital Management Inc. raised its stake in shares of International Business Machines by 60.8% in the 1st quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock valued at $3,921,000 after acquiring an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY boosted its position in International Business Machines by 10.8% during the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock worth $491,000 after purchasing an additional 250 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in International Business Machines during the second quarter valued at approximately $7,160,000. Finally, 1832 Asset Management L.P. acquired a new stake in shares of International Business Machines in the fourth quarter worth $3,017,000. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Stifel Nicolaus increased their price target on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. UBS Group upped their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Finally, Evercore ISI lifted their target price on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $188.60.

International Business Machines Trading Down 1.2 %

IBM stock opened at $220.84 on Monday. The business has a fifty day moving average price of $200.17 and a 200 day moving average price of $185.15. 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 stock has a market capitalization of $202.86 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $224.15.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.02%. International Business Machines’s payout ratio is presently 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.