International Business Machines Co. (NYSE:IBM) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV grew its stake in International Business Machines Co. (NYSE:IBMFree Report) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,142 shares of the technology company’s stock after purchasing an additional 614 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in International Business Machines were worth $514,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Thrive Wealth Management LLC raised its stake in International Business Machines by 0.9% in the 4th quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock worth $1,196,000 after purchasing an additional 64 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in International Business Machines by 2.9% in the 3rd quarter. Journey Strategic Wealth LLC now owns 2,459 shares of the technology company’s stock worth $345,000 after purchasing an additional 69 shares in the last quarter. Perkins Coie Trust Co raised its stake in International Business Machines by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 21,220 shares of the technology company’s stock worth $2,977,000 after purchasing an additional 72 shares in the last quarter. Equitable Trust Co. raised its stake in International Business Machines by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 6,792 shares of the technology company’s stock worth $953,000 after purchasing an additional 72 shares in the last quarter. Finally, Resurgent Financial Advisors LLC raised its stake in International Business Machines by 19.8% in the 2nd quarter. Resurgent Financial Advisors LLC now owns 442 shares of the technology company’s stock worth $59,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.

International Business Machines Trading Up 0.9 %

IBM opened at $193.34 on Wednesday. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market capitalization of $177.24 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.76 and a beta of 0.70. The company’s 50 day moving average price is $183.66 and its two-hundred day moving average price is $162.47.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the firm posted $3.60 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective for the company. Societe Generale restated a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Royal Bank of Canada boosted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.85.

View Our Latest Stock Report on International Business Machines

International Business Machines Company Profile

(Free Report)

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.

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

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