Investors Asset Management of Georgia Inc. GA ADV Buys 730 Shares of International Business Machines Co. (NYSE:IBM)

Investors Asset Management of Georgia Inc. GA ADV grew its position in shares of International Business Machines Co. (NYSE:IBMFree Report) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,451 shares of the technology company’s stock after purchasing an additional 730 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in International Business Machines were worth $1,189,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Journey Strategic Wealth LLC boosted its position in shares of International Business Machines by 2.9% in the third quarter. Journey Strategic Wealth LLC now owns 2,459 shares of the technology company’s stock worth $345,000 after buying an additional 69 shares during the period. Perkins Coie Trust Co boosted its position in shares of International Business Machines by 0.3% during the 3rd quarter. Perkins Coie Trust Co now owns 21,220 shares of the technology company’s stock valued at $2,977,000 after purchasing an additional 72 shares in the last quarter. Equitable Trust Co. boosted its holdings in shares of International Business Machines by 1.1% in the third quarter. Equitable Trust Co. now owns 6,792 shares of the technology company’s stock worth $953,000 after buying an additional 72 shares during the period. Resurgent Financial Advisors LLC lifted its position in shares of International Business Machines by 19.8% in the second 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. Finally, Mirador Capital Partners LP raised its position in International Business Machines by 1.5% during the third quarter. Mirador Capital Partners LP now owns 5,094 shares of the technology company’s stock valued at $715,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IBM. Stifel Nicolaus increased their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Bank of America increased their price objective on International Business Machines from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Royal Bank of Canada upped their target price on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Morgan Stanley reduced their price objective on shares of International Business Machines from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. Finally, Societe Generale reissued a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $171.92.

Read Our Latest Research Report on International Business Machines

International Business Machines Stock Down 0.1 %

International Business Machines stock traded down $0.18 during midday trading on Monday, reaching $186.16. The company’s stock had a trading volume of 4,702,588 shares, compared to its average volume of 5,682,906. The business has a 50-day simple moving average of $168.99 and a 200-day simple moving average of $153.87. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $196.90. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a market cap of $169.99 billion, a P/E ratio of 22.73, a P/E/G ratio of 3.66 and a beta of 0.71.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings data 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 company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.60 EPS. On average, research analysts expect that International Business Machines Co. will post 10.03 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 9th. Stockholders of record on Friday, February 9th will be paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, February 8th. 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.

See Also

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

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