Auxano Advisors LLC Purchases 156 Shares of International Business Machines Co. (NYSE:IBM)

Auxano Advisors LLC boosted its holdings in International Business Machines Co. (NYSE:IBM) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,398 shares of the technology company’s stock after buying an additional 156 shares during the quarter. Auxano Advisors LLC’s holdings in International Business Machines were worth $556,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Naples Money Management LLC bought a new position in International Business Machines during the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $31,000. Stone House Investment Management LLC increased 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 worth $32,000 after purchasing an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. increased its stake in shares of International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Finally, Cordant Inc. grew its stake in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after buying an additional 226 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Wedbush upped their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Jefferies Financial Group lowered their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Bank of America boosted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, BMO Capital Markets cut their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $184.08.

International Business Machines Stock Down 0.7 %

IBM traded down $1.23 during trading on Tuesday, reaching $166.20. The stock had a trading volume of 5,918,347 shares, compared to its average volume of 5,021,093. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a market capitalization of $152.36 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 4.08 and a beta of 0.70. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock’s 50 day moving average is $187.19 and its two-hundred day moving average is $170.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, analysts expect that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 4.02%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is currently 75.20%.

About International Business Machines

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.