B.O.S.S. Retirement Advisors LLC Acquires 72 Shares of International Business Machines Co. (NYSE:IBM)

B.O.S.S. Retirement Advisors LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,554 shares of the technology company’s stock after purchasing an additional 72 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in International Business Machines were worth $1,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Twelve Points Wealth Management LLC grew its position in shares of International Business Machines by 9.6% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 12,279 shares of the technology company’s stock worth $2,715,000 after buying an additional 1,076 shares during the period. Wolff Wiese Magana LLC grew its holdings in International Business Machines by 109.9% in the third quarter. Wolff Wiese Magana LLC now owns 466 shares of the technology company’s stock worth $103,000 after purchasing an additional 244 shares during the period. Terra Nova Asset Management LLC increased its stake in International Business Machines by 25.3% in the third quarter. Terra Nova Asset Management LLC now owns 10,632 shares of the technology company’s stock valued at $2,351,000 after purchasing an additional 2,144 shares in the last quarter. Sunpointe LLC acquired a new position in shares of International Business Machines during the third quarter valued at about $231,000. Finally, SeaCrest Wealth Management LLC boosted its position in shares of International Business Machines by 0.5% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,925 shares of the technology company’s stock worth $3,521,000 after purchasing an additional 72 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore ISI raised their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Bank of America raised their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group lifted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets upped 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 report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $200.82.

International Business Machines Stock Performance

Shares of IBM stock opened at $233.64 on Thursday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market cap of $214.62 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $237.37. The firm’s 50-day simple moving average is $210.57 and its two-hundred day simple moving average is $188.54.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.86%. International Business Machines’s dividend payout ratio is presently 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.