International Business Machines Co. (NYSE:IBM) Stock Position Increased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC grew its position in International Business Machines Co. (NYSE:IBM) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,760 shares of the technology company’s stock after purchasing an additional 569 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in International Business Machines were worth $942,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Naples Money Management LLC bought a new position in International Business Machines in the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines in the third quarter worth $31,000. Stone House Investment Management LLC increased its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the period. Financial Gravity Asset Management Inc. raised its stake in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Cordant Inc. lifted its holdings in International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IBM. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. BNP Paribas began coverage on International Business Machines in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price for the company. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Wedbush upped their price objective on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $181.29.

International Business Machines Trading Up 0.9 %

NYSE IBM traded up $1.52 on Wednesday, hitting $169.90. 3,473,794 shares of the company were exchanged, compared to its average volume of 4,933,335. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company’s 50 day moving average price is $185.11 and its 200-day moving average price is $171.88. The firm has a market capitalization of $156.07 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion during 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 firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. Analysts predict that International Business Machines Co. will post 9.92 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 3.93%. International Business Machines’s dividend payout ratio (DPR) is presently 75.20%.

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.