Schoolcraft Capital LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)

Schoolcraft Capital LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 1st quarter, Holdings Channel reports. The fund acquired 1,137 shares of the technology company’s stock, valued at approximately $217,000.

A number of other large investors also recently bought and sold shares of the stock. Naples Money Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines in the fourth quarter worth $31,000. Financial Synergies Wealth Advisors Inc. grew its holdings in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in International Business Machines by 54.6% during the 1st quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock valued at $42,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $0.69 during trading hours on Wednesday, reaching $171.91. The company’s stock had a trading volume of 1,195,642 shares, compared to its average volume of 4,569,932. The company’s 50 day simple moving average is $170.56 and its 200 day simple moving average is $176.40. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a one year low of $130.83 and a one year high of $199.18. The stock has a market cap of $157.92 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 4.26 and a beta of 0.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. As a group, analysts expect that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $1.67 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. Wedbush raised their price target on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. UBS Group raised their price target on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Bank of America raised their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, BMO Capital Markets decreased their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $182.53.

International Business Machines 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.