HighPoint Advisor Group LLC Purchases New Shares in International Business Machines Co. (NYSE:IBM)

HighPoint Advisor Group LLC acquired a new position in shares of International Business Machines Co. (NYSE:IBMFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,735 shares of the technology company’s stock, valued at approximately $7,480,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its holdings in International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares during the last quarter. Natixis Advisors L.P. raised its holdings in International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares during the last quarter. Tsfg LLC grew its position in shares of International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after buying an additional 109 shares during the period. Auxano Advisors LLC grew its position in shares of International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after buying an additional 156 shares during the period. Finally, Waverly Advisors LLC grew its position in shares of International Business Machines by 48.1% during the 3rd quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after buying an additional 6,397 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 0.0 %

Shares of International Business Machines stock traded down $0.06 during midday trading on Tuesday, reaching $169.44. The company had a trading volume of 297,825 shares, compared to its average volume of 4,524,619. The stock has a fifty day moving average price of $172.03 and a 200 day moving average price of $175.91. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The firm has a market cap of $155.65 billion, a PE ratio of 19.20, a P/E/G ratio of 4.17 and a beta of 0.72. International Business Machines Co. has a fifty-two week low of $129.18 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $14.53 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.94%. International Business Machines’s payout ratio is 75.65%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IBM shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a research report on Wednesday, May 22nd. Morgan Stanley reduced their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a research note on Thursday, May 16th. Wedbush increased their price target 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. Finally, Jefferies Financial Group lowered their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Three 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 data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $181.29.

Check Out Our Latest Research Report on IBM

International Business Machines Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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