International Business Machines Co. (NYSE:IBM) Shares Bought by SkyOak Wealth LLC

SkyOak Wealth LLC lifted its holdings in International Business Machines Co. (NYSE:IBM) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,479 shares of the technology company’s stock after purchasing an additional 552 shares during the period. SkyOak Wealth LLC’s holdings in International Business Machines were worth $2,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mosley Wealth Management acquired a new position in shares of International Business Machines in the 4th quarter worth $312,000. Hodges Capital Management Inc. raised its holdings in International Business Machines by 60.8% during the 1st quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after buying an additional 7,768 shares during the period. Burns J W & Co. Inc. NY lifted its stake 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 valued at $491,000 after buying an additional 250 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of International Business Machines in the fourth quarter worth about $3,017,000. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of International Business Machines by 19.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 115,321 shares of the technology company’s stock worth $18,861,000 after buying an additional 19,175 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.4 %

Shares of International Business Machines stock opened at $214.13 on Wednesday. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $218.84. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock has a 50 day moving average price of $194.37 and a two-hundred day moving average price of $183.78. The stock has a market capitalization of $196.70 billion, a P/E ratio of 24.25, a PEG ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $15.62 billion. During the same period last year, the business posted $2.18 EPS. International Business Machines’s revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.12%. International Business Machines’s payout ratio is 75.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IBM shares. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Evercore ISI increased their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. BMO Capital Markets lifted their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Stifel Nicolaus increased their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group raised their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $188.60.

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.