Colton Groome Financial Advisors LLC Invests $229,000 in International Business Machines Co. (NYSE:IBM)

Colton Groome Financial Advisors LLC acquired a new position in International Business Machines Co. (NYSE:IBM) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,400 shares of the technology company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its stake in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after acquiring an additional 80,474 shares during the period. Natixis Advisors L.P. boosted its holdings in International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after purchasing an additional 57,170 shares in the last quarter. Herold Advisors Inc. boosted its holdings in International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after purchasing an additional 688 shares in the last quarter. Tsfg LLC boosted its holdings in International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after purchasing an additional 109 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new stake in International Business Machines during the third quarter valued at approximately $661,000. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on IBM. BMO Capital Markets lifted their price objective on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a report on Wednesday. Royal Bank of Canada boosted their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Trading Down 0.9 %

NYSE:IBM traded down $1.66 during trading hours on Thursday, hitting $181.44. 2,886,449 shares of the stock were exchanged, compared to its average volume of 4,803,908. The company’s 50 day moving average is $188.61 and its two-hundred day moving average is $168.54. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $166.33 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the prior year, the business earned $3.60 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is 81.67%.

International Business Machines 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.