West Branch Capital LLC Has $202,000 Holdings in International Business Machines Co. (NYSE:IBM)

West Branch Capital LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 27.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 915 shares of the technology company’s stock after purchasing an additional 195 shares during the quarter. West Branch Capital LLC’s holdings in International Business Machines were worth $202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. Salem Investment Counselors Inc. raised its holdings in International Business Machines by 2.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 6,621 shares of the technology company’s stock worth $1,264,000 after buying an additional 129 shares during the period. Ballentine Partners LLC increased its holdings in shares of International Business Machines by 10.6% in the 1st quarter. Ballentine Partners LLC now owns 14,367 shares of the technology company’s stock valued at $2,744,000 after purchasing an additional 1,381 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at about $136,000. CHICAGO TRUST Co NA increased its holdings in shares of International Business Machines by 5.6% in the 1st quarter. CHICAGO TRUST Co NA now owns 9,025 shares of the technology company’s stock valued at $1,723,000 after purchasing an additional 479 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in shares of International Business Machines by 27.9% in the 1st quarter. AdvisorNet Financial Inc now owns 5,997 shares of the technology company’s stock valued at $1,145,000 after purchasing an additional 1,309 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of research reports. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Jefferies Financial Group upped their target price on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. The Goldman Sachs Group upped their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Evercore ISI increased their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $203.06.

International Business Machines Stock Performance

IBM stock traded down $0.68 during midday trading on Friday, hitting $232.20. 4,715,688 shares of the company traded hands, compared to its average volume of 4,195,661. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $237.37. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a 50 day simple moving average of $212.19 and a 200-day simple moving average of $189.15. The stock has a market capitalization of $213.30 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced 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. The business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $2.18 earnings per share. As a group, equities research analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.88%. International Business Machines’s payout ratio is 75.65%.

International Business Machines 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.