International Business Machines Co. (NYSE:IBM) Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its holdings in International Business Machines Co. (NYSE:IBM) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,495 shares of the technology company’s stock after buying an additional 2,715 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in International Business Machines were worth $15,305,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IBM. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines in the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines during the 4th quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in shares of International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IBM. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Jefferies Financial Group upped their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. The Goldman Sachs Group started coverage on shares of International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Stifel Nicolaus upped their price objective 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $188.60.

International Business Machines Stock Down 1.4 %

Shares of NYSE IBM opened at $214.13 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm has a 50-day moving average price of $194.37 and a 200 day moving average price of $183.78. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $218.84. The stock has a market capitalization of $196.70 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings data 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 firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $2.18 EPS. Equities research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.12%. International Business Machines’s payout ratio is 75.65%.

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.