International Business Machines Co. (NYSE:IBM) Shares Acquired by Montag A & Associates Inc.

Montag A & Associates Inc. raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,390 shares of the technology company’s stock after acquiring an additional 90 shares during the quarter. Montag A & Associates Inc.’s holdings in International Business Machines were worth $3,181,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines in the 1st quarter valued at about $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $31,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its position in shares of International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

NYSE:IBM traded up $3.23 during trading hours on Friday, reaching $202.13. 4,750,999 shares of the company traded hands, compared to its average volume of 2,830,863. The firm’s 50-day moving average is $186.57 and its 200-day moving average is $181.93. The stock has a market cap of $186.19 billion, a P/E ratio of 22.89, a P/E/G ratio of 4.50 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $202.17.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the firm earned $2.18 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that International Business Machines Co. will post 10.09 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analyst Upgrades and Downgrades

Several analysts have commented on IBM shares. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Stifel Nicolaus increased their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group began coverage on International Business Machines in a research note on Monday, June 24th. They set a “buy” rating and a $200.00 target price for the company. Finally, Jefferies Financial Group increased their target price on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $184.93.

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.