Shotwell Rutter Baer Inc Takes Position in International Business Machines Co. (NYSE:IBM)

Shotwell Rutter Baer Inc purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,997 shares of the technology company’s stock, valued at approximately $331,000.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC bought a new position in shares of International Business Machines during the second quarter valued at $28,000. Live Oak Investment Partners bought a new stake in International Business Machines during the 4th quarter valued at about $30,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines in the third quarter worth approximately $31,000. PCA Investment Advisory Services Inc. bought a new position in shares of International Business Machines in the second quarter worth approximately $31,000. Finally, Stone House Investment Management LLC increased its position in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $190.80 on Thursday. The stock has a market cap of $174.91 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.69 and a beta of 0.70. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The stock’s fifty day moving average is $186.30 and its 200 day moving average is $163.98.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 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 during the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the previous year, the business earned $3.60 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Sell-side analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Analysts Set New Price Targets

Several research firms recently issued reports on IBM. Sanford C. Bernstein upped their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus increased their price objective on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets boosted their target price on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $176.85.

International Business Machines Company 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.