International Business Machines Co. (NYSE:IBM) Shares Bought by American Planning Services Inc.

American Planning Services Inc. lifted its position in International Business Machines Co. (NYSE:IBM) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,391 shares of the technology company’s stock after purchasing an additional 117 shares during the quarter. American Planning Services Inc.’s holdings in International Business Machines were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in shares of International Business Machines by 2.7% in the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after buying an additional 101 shares during the period. Aveo Capital Partners LLC grew its stake in shares of International Business Machines by 3.6% during the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after purchasing an additional 109 shares during the period. Gryphon Financial Partners LLC increased its holdings in shares of International Business Machines by 6.5% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after purchasing an additional 147 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of International Business Machines by 96.6% during the 4th quarter. Great Lakes Advisors LLC now owns 38,177 shares of the technology company’s stock valued at $6,244,000 after acquiring an additional 18,762 shares during the period. Finally, Brown Advisory Inc. raised its holdings in International Business Machines by 2.7% in the 4th quarter. Brown Advisory Inc. now owns 260,233 shares of the technology company’s stock worth $42,561,000 after purchasing an additional 6,920 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective on the stock. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Evercore ISI increased their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. BMO Capital Markets boosted their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus raised their price target on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $188.60.

International Business Machines Trading Up 1.5 %

Shares of IBM stock opened at $214.79 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $216.09. The company’s 50-day moving average price is $192.83 and its 200-day moving average price is $183.37. The stock has a market cap of $197.85 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.18 EPS. As a group, equities analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

About International Business Machines

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.