Apella Capital LLC Buys 667 Shares of International Business Machines Co. (NYSE:IBM)

Apella Capital LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,799 shares of the technology company’s stock after purchasing an additional 667 shares during the quarter. Apella Capital LLC’s holdings in International Business Machines were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the first quarter valued at about $26,000. ESL Trust Services LLC bought a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the 4th quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines during the fourth quarter valued at $31,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its holdings in shares of International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Evercore ISI increased their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research note on Wednesday. Royal Bank of Canada increased their target price on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group boosted their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $194.35.

International Business Machines Stock Up 1.5 %

Shares of IBM stock traded up $3.28 on Friday, reaching $226.00. 3,554,328 shares of the company were exchanged, compared to its average volume of 4,222,131. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company has a 50-day moving average of $203.61 and a 200-day moving average of $186.27. The company has a market cap of $207.60 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a one year low of $135.87 and a one year high of $226.08.

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 the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.18 earnings per share. Analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 2.96%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

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.