International Business Machines Co. (NYSE:IBM) Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 15.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,458 shares of the technology company’s stock after acquiring an additional 1,141 shares during the quarter. Parcion Private Wealth LLC’s holdings in International Business Machines were worth $1,870,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management lifted its stake in International Business Machines by 1.6% during the 1st quarter. Brookstone Capital Management now owns 18,187 shares of the technology company’s stock valued at $3,473,000 after acquiring an additional 289 shares during the period. OneAscent Financial Services LLC boosted its holdings in International Business Machines by 5.3% in the first quarter. OneAscent Financial Services LLC now owns 3,955 shares of the technology company’s stock valued at $755,000 after purchasing an additional 199 shares during the last quarter. Independence Bank of Kentucky grew its position in International Business Machines by 10.6% during the 1st quarter. Independence Bank of Kentucky now owns 3,055 shares of the technology company’s stock worth $583,000 after purchasing an additional 292 shares during the period. Hodges Capital Management Inc. raised its stake in shares of 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 valued at $3,921,000 after buying an additional 7,768 shares during the last quarter. Finally, Trust Co. of Virginia VA acquired a new position in shares of International Business Machines in the 1st quarter valued at about $218,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $214.57 on Friday. The stock has a 50 day moving average price of $215.58 and a 200 day moving average price of $190.42. The stock has a market cap of $197.65 billion, a PE ratio of 23.66, a P/E/G ratio of 4.84 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a one year low of $141.58 and a one year high of $237.37.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the firm earned $2.20 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that International Business Machines Co. will post 10.13 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is presently 73.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Bernstein Bank boosted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Evercore ISI lifted their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Jefferies Financial Group increased their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, BMO Capital Markets lifted their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $208.12.

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.