Financial Counselors Inc. Grows Position in International Business Machines Co. (NYSE:IBM)

Financial Counselors Inc. lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 6.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 65,182 shares of the technology company’s stock after purchasing an additional 3,760 shares during the quarter. Financial Counselors Inc.’s holdings in International Business Machines were worth $11,273,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its stake in shares of International Business Machines by 2.7% in the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after buying an additional 101 shares in the last quarter. Fisher Asset Management LLC grew its holdings in International Business Machines by 8.2% during the 4th quarter. Fisher Asset Management LLC now owns 20,476 shares of the technology company’s stock worth $3,349,000 after acquiring an additional 1,559 shares in the last quarter. Aveo Capital Partners LLC raised its stake in shares of International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock valued at $507,000 after purchasing an additional 109 shares in the last quarter. Summit Global Investments raised its stake in shares of International Business Machines by 29.4% in the 4th quarter. Summit Global Investments now owns 2,169 shares of the technology company’s stock valued at $355,000 after purchasing an additional 493 shares in the last quarter. Finally, Sapient Capital LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $547,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 1.6 %

Shares of IBM stock opened at $202.13 on Tuesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $202.17. The stock has a fifty day moving average of $187.11 and a two-hundred day moving average of $182.03. The firm has a market capitalization of $186.19 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the firm posted $2.18 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.30%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Ratings Changes

Several analysts have issued reports on IBM shares. Jefferies Financial Group upped their price objective on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Stifel Nicolaus raised their price target on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $184.93.

About International Business Machines

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.