Ibex Wealth Advisors Grows Stake in International Business Machines Corporation $IBM

Ibex Wealth Advisors increased its position in International Business Machines Corporation (NYSE:IBMFree Report) by 77.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,355 shares of the technology company’s stock after acquiring an additional 18,549 shares during the period. International Business Machines comprises about 1.2% of Ibex Wealth Advisors’ investment portfolio, making the stock its 21st biggest holding. Ibex Wealth Advisors’ holdings in International Business Machines were worth $12,546,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in International Business Machines by 424.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock worth $77,234,000 after purchasing an additional 211,040 shares during the period. GLOBALT Investments LLC GA grew its holdings in International Business Machines by 19.1% during the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock valued at $5,417,000 after purchasing an additional 2,930 shares during the period. Waverton Investment Management Ltd increased its position in International Business Machines by 3.3% in the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock worth $280,439,000 after buying an additional 32,072 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of International Business Machines by 30.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after buying an additional 3,029 shares during the period. Finally, NEOS Investment Management LLC lifted its position in shares of International Business Machines by 51.7% during the 3rd quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock valued at $32,278,000 after buying an additional 38,973 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $270.66 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The company’s fifty day moving average price is $250.88 and its 200-day moving average price is $269.61. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46. The company has a market capitalization of $254.39 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.67.

International Business Machines (NYSE:IBMGet Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.60 earnings per share. On average, equities analysts anticipate that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.5%. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several analyst reports. Barclays began coverage on shares of International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 target price for the company. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of International Business Machines in a research note on Thursday, May 28th. Finally, UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $304.17.

Check Out Our Latest Stock Analysis on IBM

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International Business Machines Company Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

Further Reading

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

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