International Business Machines Co. (NYSE:IBM) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management raised its stake in International Business Machines Co. (NYSE:IBM) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,709 shares of the technology company’s stock after acquiring an additional 233 shares during the period. Ritholtz Wealth Management’s holdings in International Business Machines were worth $1,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new position in shares of International Business Machines during the second quarter worth approximately $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $30,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines during the third quarter worth approximately $31,000. PCA Investment Advisory Services Inc. bought a new stake in International Business Machines during the second quarter worth approximately $31,000. Finally, Stone House Investment Management LLC raised its holdings in International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on IBM. Jefferies Financial Group began coverage on International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 target price on the stock. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America boosted their target price on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Stifel Nicolaus upped their price target on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $176.85.

International Business Machines Trading Up 0.1 %

NYSE:IBM opened at $190.96 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $175.06 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.74 and a beta of 0.70. The stock’s 50 day moving average price is $186.79 and its 200 day moving average price is $164.17. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.60 EPS. On average, research analysts forecast that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s dividend payout ratio is currently 81.67%.

International Business Machines Company 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.