Investment Partners Ltd. OH ADV raised its holdings in shares of IBM (NYSE:IBM) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,097 shares of the technology company’s stock after acquiring an additional 1,185 shares during the quarter. Investment Partners Ltd. OH ADV’s holdings in IBM were worth $782,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of IBM. ETF Managers Group LLC bought a new stake in IBM during the second quarter worth approximately $121,000. Price Wealth Management Inc. purchased a new position in shares of IBM during the fourth quarter valued at approximately $122,000. Cerebellum GP LLC purchased a new position in shares of IBM during the fourth quarter valued at approximately $126,000. Horan Capital Advisors LLC. purchased a new position in shares of IBM during the third quarter valued at approximately $136,000. Finally, Risk Paradigm Group LLC purchased a new position in shares of IBM during the second quarter valued at approximately $165,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the company. Bank of America restated a “buy” rating and set a $200.00 target price on shares of IBM in a research report on Monday, March 26th. Pivotal Research set a $180.00 price target on IBM and gave the company a “buy” rating in a report on Tuesday, March 20th. BMO Capital Markets reiterated a “hold” rating and issued a $175.00 price target on shares of IBM in a report on Friday, March 9th. Morgan Stanley lowered IBM from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $200.00 to $205.00 in a report on Tuesday, January 23rd. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $152.00 price objective on shares of IBM in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $166.01.
Shares of IBM stock traded down $3.46 during mid-day trading on Friday, hitting $150.57. 3,672,919 shares of the stock were exchanged, compared to its average volume of 4,293,600. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. IBM has a 52-week low of $139.13 and a 52-week high of $172.93. The firm has a market cap of $141,887.48, a P/E ratio of 10.91, a PEG ratio of 2.25 and a beta of 0.90.
IBM (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. IBM had a net margin of 7.27% and a return on equity of 69.48%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $5.01 EPS. analysts anticipate that IBM will post 13.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 9th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Thursday, February 8th. IBM’s dividend payout ratio is presently 43.48%.
In other IBM news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the sale, the insider now owns 20,581 shares in the company, valued at approximately $3,210,636. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederick H. Waddell acquired 610 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $163.38 per share, with a total value of $99,661.80. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.
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International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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