International Business Machines Co. (NYSE:IBM) Holdings Raised by Windsor Group LTD

Windsor Group LTD boosted its stake in International Business Machines Co. (NYSE:IBM) by 13.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,680 shares of the technology company’s stock after buying an additional 314 shares during the period. Windsor Group LTD’s holdings in International Business Machines were worth $359,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBM. ERn Financial LLC boosted its stake in International Business Machines by 4.2% during the fourth quarter. ERn Financial LLC now owns 1,886 shares of the technology company’s stock valued at $266,000 after buying an additional 76 shares in the last quarter. IRON Financial LLC boosted its position in shares of International Business Machines by 4.4% during the 4th quarter. IRON Financial LLC now owns 1,849 shares of the technology company’s stock valued at $261,000 after purchasing an additional 78 shares in the last quarter. Wintrust Investments LLC raised its holdings in shares of International Business Machines by 3.9% in the 4th quarter. Wintrust Investments LLC now owns 2,173 shares of the technology company’s stock worth $306,000 after purchasing an additional 82 shares in the last quarter. Forte Capital LLC ADV lifted its stake in International Business Machines by 0.9% during the fourth quarter. Forte Capital LLC ADV now owns 9,423 shares of the technology company’s stock valued at $1,328,000 after purchasing an additional 82 shares during the last quarter. Finally, Tranquility Partners LLC grew its position in International Business Machines by 5.0% in the first quarter. Tranquility Partners LLC now owns 1,730 shares of the technology company’s stock worth $227,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IBM. Wedbush reissued a “neutral” rating and set a $140.00 price objective on shares of International Business Machines in a research note on Thursday, July 20th. JPMorgan Chase & Co. started coverage on International Business Machines in a report on Friday, July 7th. They set a “neutral” rating and a $145.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of International Business Machines from $145.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday, July 17th. Bank of America upped their price target on shares of International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $135.00 price objective on shares of International Business Machines in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $142.91.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $145.11 on Tuesday. International Business Machines Co. has a fifty-two week low of $115.54 and a fifty-two week high of $153.21. The company has a market cap of $132.20 billion, a PE ratio of 67.18, a price-to-earnings-growth ratio of 3.71 and a beta of 0.85. The firm has a fifty day moving average price of $142.59 and a two-hundred day moving average price of $133.71. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.18. The firm had revenue of $15.48 billion for the quarter, compared to analyst estimates of $15.58 billion. International Business Machines had a net margin of 3.35% and a return on equity of 38.10%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 EPS. Analysts expect that International Business Machines Co. will post 9.43 EPS 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 $1.66 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $6.64 annualized dividend and a dividend yield of 4.58%. International Business Machines’s dividend payout ratio is presently 307.41%.

International Business Machines 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.