International Business Machines Co. (NYSE:IBM) Stock Position Raised by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,318 shares of the technology company’s stock after acquiring an additional 63 shares during the quarter. Koss Olinger Consulting LLC’s holdings in International Business Machines were worth $512,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Narus Financial Partners LLC raised its holdings in shares of International Business Machines by 3.9% during the 3rd quarter. Narus Financial Partners LLC now owns 2,063 shares of the technology company’s stock valued at $456,000 after purchasing an additional 77 shares in the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of International Business Machines by 63.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 564 shares of the technology company’s stock worth $125,000 after acquiring an additional 219 shares during the period. Vest Financial LLC boosted its position in International Business Machines by 10.3% in the third quarter. Vest Financial LLC now owns 290,556 shares of the technology company’s stock valued at $64,236,000 after buying an additional 27,089 shares in the last quarter. West Branch Capital LLC raised its stake in shares of International Business Machines by 27.1% during the third quarter. West Branch Capital LLC now owns 915 shares of the technology company’s stock worth $202,000 after buying an additional 195 shares during the last quarter. Finally, OLD National Bancorp IN increased its stake in International Business Machines by 3.0% in the third quarter. OLD National Bancorp IN now owns 12,852 shares of the technology company’s stock valued at $2,841,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IBM shares. Jefferies Financial Group raised 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. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Bank of America raised their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Finally, Bernstein Bank raised their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $205.71.

International Business Machines Stock Down 0.3 %

Shares of NYSE IBM opened at $232.20 on Monday. 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 business’s 50 day moving average is $212.19 and its two-hundred day moving average is $189.14. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $237.37. The firm has a market cap of $213.30 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the firm earned $2.18 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.88%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.