Roof Eidam Maycock Peralta LLC Has $629,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Roof Eidam Maycock Peralta LLC lessened its holdings in International Business Machines Co. (NYSE:IBM) by 35.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,845 shares of the technology company’s stock after selling 2,152 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in International Business Machines were worth $629,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IBM. Naples Money Management LLC purchased a new stake in International Business Machines in the 4th quarter valued at $28,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines during the third quarter valued at about $31,000. Stone House Investment Management LLC boosted its holdings in 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 worth $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. grew its position in 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 worth $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Cordant Inc. lifted its position in shares of International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM traded up $0.88 during trading on Friday, reaching $167.15. The company’s stock had a trading volume of 2,255,370 shares, compared to its average volume of 5,025,428. The firm has a fifty day moving average of $184.01 and a 200 day moving average of $172.04. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The stock has a market capitalization of $153.54 billion, a PE ratio of 18.93, a P/E/G ratio of 4.09 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the business earned $1.36 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts expect that International Business Machines Co. will post 9.92 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 4.00%. International Business Machines’s payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IBM. BNP Paribas started coverage on International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Jefferies Financial Group reduced their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Evercore ISI upgraded 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 research note on Friday, January 19th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Morgan Stanley lowered their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $181.29.

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.