Houlihan Financial Resource Group Ltd. Invests $497,000 in International Business Machines Co. (NYSE:IBM)

Houlihan Financial Resource Group Ltd. purchased a new position in shares of International Business Machines Co. (NYSE:IBMFree Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 3,507 shares of the technology company’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Delta Asset Management LLC TN lifted its holdings in International Business Machines by 23.5% during the 2nd quarter. Delta Asset Management LLC TN now owns 6,096 shares of the technology company’s stock worth $816,000 after purchasing an additional 1,160 shares in the last quarter. Evercore Wealth Management LLC lifted its holdings in International Business Machines by 70.8% during the 2nd quarter. Evercore Wealth Management LLC now owns 41,446 shares of the technology company’s stock worth $5,546,000 after purchasing an additional 17,175 shares in the last quarter. Herold Advisors Inc. lifted its holdings in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in International Business Machines during the 3rd quarter worth about $661,000. Finally, Silicon Valley Capital Partners lifted its holdings in International Business Machines by 33.6% during the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after purchasing an additional 8,117 shares in the last quarter. Institutional investors own 56.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on IBM shares. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Stifel Nicolaus raised 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. Jefferies Financial Group assumed coverage on International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target on the stock. Societe Generale reaffirmed a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Finally, BMO Capital Markets raised their price target on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $171.92.

Check Out Our Latest Report on International Business Machines

International Business Machines Trading Down 0.3 %

IBM traded down $0.61 on Monday, hitting $185.73. 1,025,628 shares of the company were exchanged, compared to its average volume of 5,595,104. The firm has a fifty day simple moving average of $168.99 and a two-hundred day simple moving average of $153.87. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $196.90. The stock has a market capitalization of $169.59 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 3.66 and a beta of 0.71.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same period last year, the company earned $3.60 EPS. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sell-side analysts expect that International Business Machines Co. will post 10.03 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 9th. Stockholders of record on Friday, February 9th will be given a $1.66 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.58%. International Business Machines’s dividend payout ratio is currently 81.67%.

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 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.

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

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