Mirador Capital Partners LP Raises Holdings in International Business Machines Co. (NYSE:IBM)

Mirador Capital Partners LP grew its position in shares of International Business Machines Co. (NYSE:IBM) by 16.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,220 shares of the technology company’s stock after purchasing an additional 891 shares during the period. Mirador Capital Partners LP’s holdings in International Business Machines were worth $1,188,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Naples Money Management LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines in the fourth quarter worth about $31,000. Stone House Investment Management LLC grew its position in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its position in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. BMO Capital Markets dropped their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. BNP Paribas initiated coverage on International Business Machines in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research report on Thursday, May 16th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Finally, UBS Group raised their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. Three research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $182.53.

International Business Machines Trading Up 0.7 %

Shares of International Business Machines stock traded up $1.16 on Monday, hitting $174.11. 304,230 shares of the company traded hands, compared to its average volume of 4,531,526. The stock’s 50 day moving average price is $169.95 and its 200-day moving average price is $176.57. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 52 week low of $131.55 and a 52 week high of $199.18. The company has a market cap of $159.94 billion, a PE ratio of 19.59, a PEG ratio of 4.27 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share 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 firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts predict that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.84%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. 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.