Guardian Wealth Advisors LLC Purchases Shares of 1,867 International Business Machines Co. (NYSE:IBM)

Guardian Wealth Advisors LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,867 shares of the technology company’s stock, valued at approximately $245,000.

Several other institutional investors have also added to or reduced their stakes in the company. Manitou Investment Management Ltd. purchased a new position in International Business Machines during the 1st quarter valued at approximately $59,000. Prudent Investors Network Inc. lifted its stake in shares of International Business Machines by 56.9% in the 1st quarter. Prudent Investors Network Inc. now owns 3,324 shares of the technology company’s stock valued at $436,000 after purchasing an additional 1,206 shares during the last quarter. Harvest Portfolios Group Inc. lifted its stake in shares of International Business Machines by 8.5% in the 1st quarter. Harvest Portfolios Group Inc. now owns 3,934 shares of the technology company’s stock valued at $516,000 after purchasing an additional 309 shares during the last quarter. Centaurus Financial Inc. lifted its position in International Business Machines by 8.9% in the first quarter. Centaurus Financial Inc. now owns 3,227 shares of the technology company’s stock worth $423,000 after buying an additional 265 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in International Business Machines by 1.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 96,754 shares of the technology company’s stock valued at $12,684,000 after purchasing an additional 1,364 shares during the last quarter. Hedge funds and other institutional investors own 56.16% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $146.30 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.06 and a quick ratio of 1.01. The stock’s fifty day moving average price is $141.76 and its 200 day moving average price is $133.34. International Business Machines Co. has a 1 year low of $115.54 and a 1 year high of $153.21. The company has a market cap of $133.28 billion, a price-to-earnings ratio of 67.73, a PEG ratio of 3.75 and a beta of 0.85.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.18. The company had revenue of $15.48 billion for the quarter, compared to the consensus estimate of $15.58 billion. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $2.31 EPS. As a group, equities research analysts forecast that International Business Machines Co. will post 9.43 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Wednesday, August 9th. International Business Machines’s payout ratio is currently 307.41%.

Analysts Set New Price Targets

A number of analysts recently issued reports on IBM shares. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Wedbush reiterated a “neutral” rating and issued a $140.00 price target on shares of International Business Machines in a report on Thursday, July 20th. Stifel Nicolaus upped their target price on International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Bank of America upped their target price on International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Finally, BMO Capital Markets upped their target price on International Business Machines from $145.00 to $150.00 and gave the stock a “market perform” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and a consensus price target of $141.75.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.