StrategIQ Financial Group LLC Has $667,000 Stock Position in International Business Machines Co. (NYSE:IBM)

StrategIQ Financial Group LLC lifted its position in International Business Machines Co. (NYSE:IBMFree Report) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,077 shares of the technology company’s stock after buying an additional 66 shares during the period. StrategIQ Financial Group LLC’s holdings in International Business Machines were worth $667,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IBM. Cornerstone Planning Group LLC acquired a new stake in International Business Machines during the second quarter worth approximately $28,000. Live Oak Investment Partners bought a new stake in shares of International Business Machines during the fourth quarter worth $30,000. Briaud Financial Planning Inc acquired a new position in International Business Machines in the third quarter valued at $31,000. PCA Investment Advisory Services Inc. acquired a new position in International Business Machines in the second quarter valued at $31,000. Finally, Stone House Investment Management LLC lifted its holdings in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.9 %

IBM stock traded up $1.68 during trading on Wednesday, hitting $190.56. The company had a trading volume of 435,470 shares, compared to its average volume of 5,061,343. The firm has a market capitalization of $174.69 billion, a P/E ratio of 23.23, a PEG ratio of 3.72 and a beta of 0.70. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a 50 day simple moving average of $188.30 and a 200-day simple moving average of $165.51. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBMGet Free Report) last posted 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. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.60 EPS. As a group, research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $176.85.

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About International Business Machines

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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