International Business Machines Co. (NYSE:IBM) Shares Acquired by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 5.0% during the 1st quarter, Holdings Channel reports. The firm owned 6,206 shares of the technology company’s stock after buying an additional 293 shares during the period. Harbor Investment Advisory LLC’s holdings in International Business Machines were worth $1,185,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IBM. Vontobel Holding Ltd. boosted its position in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after acquiring an additional 80,474 shares during the last quarter. Natixis Advisors L.P. boosted its position in International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after acquiring an additional 57,170 shares during the last quarter. Tsfg LLC boosted its position in International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares during the last quarter. Auxano Advisors LLC boosted its position in International Business Machines by 4.8% during the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares during the last quarter. Finally, Waverly Advisors LLC boosted its position in International Business Machines by 48.1% during the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after acquiring an additional 6,397 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBM. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research note on Thursday, May 16th. BMO Capital Markets cut their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research note on Monday. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Wedbush raised their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $182.53.

International Business Machines Stock Up 1.5 %

NYSE:IBM opened at $175.02 on Tuesday. The firm has a market capitalization of $160.77 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 4.25 and a beta of 0.72. International Business Machines Co. has a 52 week low of $129.31 and a 52 week high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a 50 day moving average of $170.79 and a 200-day moving average of $176.33.

International Business Machines (NYSE:IBM) last announced 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. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the business earned $1.36 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. Analysts predict that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.82%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) 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.