Carl P. Sherr & Co. LLC Has $1.37 Million Position in International Business Machines Co. (NYSE:IBM)

Carl P. Sherr & Co. LLC raised its stake in shares of International Business Machines Co. (NYSE:IBM) by 26.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,398 shares of the technology company’s stock after purchasing an additional 1,768 shares during the period. International Business Machines accounts for 0.8% of Carl P. Sherr & Co. LLC’s portfolio, making the stock its 29th largest holding. Carl P. Sherr & Co. LLC’s holdings in International Business Machines were worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. boosted its holdings in International Business Machines by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares during the last quarter. Avion Wealth boosted its stake in International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares during the last quarter. Financial Security Advisor Inc. grew its holdings in International Business Machines by 2.7% during the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after purchasing an additional 61 shares during the period. Cornerstone Wealth Group LLC increased its stake in International Business Machines by 3.6% in the fourth quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company’s stock valued at $284,000 after purchasing an additional 61 shares in the last quarter. Finally, Webster Bank N. A. raised its holdings in International Business Machines by 0.9% in the fourth quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 62 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.4 %

Shares of NYSE IBM traded up $2.50 during mid-day trading on Wednesday, hitting $183.75. The company had a trading volume of 4,473,654 shares, compared to its average volume of 3,265,758. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a market capitalization of $168.45 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.55 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm has a 50-day simple moving average of $188.63 and a two-hundred day simple moving average of $168.44.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. The firm 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 business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.60 EPS. On average, equities analysts expect that International Business Machines Co. will post 10.07 EPS 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 given a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on IBM. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Societe Generale reaffirmed a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Evercore upgraded shares of 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, Royal Bank of Canada boosted their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $178.08.

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.