Schechter Investment Advisors LLC Boosts Stock Holdings in International Business Machines Co. (NYSE:IBM)

Schechter Investment Advisors LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,573 shares of the technology company’s stock after purchasing an additional 150 shares during the period. Schechter Investment Advisors LLC’s holdings in International Business Machines were worth $911,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IBM. Vanguard Group Inc. increased its holdings in International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after buying an additional 365,388 shares in the last quarter. State Street Corp increased its holdings in International Business Machines by 1.7% in the second quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock valued at $7,284,833,000 after buying an additional 903,042 shares in the last quarter. Morgan Stanley grew its position in shares of International Business Machines by 22.8% in the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of International Business Machines by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after purchasing an additional 1,105,170 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in shares of International Business Machines by 98,797.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after purchasing an additional 11,017,849 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of IBM stock opened at $190.80 on Thursday. The firm has a market cap of $174.91 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.69 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The firm has a fifty day moving average of $186.30 and a two-hundred day moving average of $163.98.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $3.60 EPS. As a group, research 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 firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on IBM shares. Royal Bank of Canada raised their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. BMO Capital Markets increased their price target on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Bank of America increased their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. One research analyst has 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $176.85.

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.