Silverberg Bernstein Capital Management LLC Acquires 2,230 Shares of International Business Machines Co. (NYSE:IBM)

Silverberg Bernstein Capital Management LLC increased its holdings in International Business Machines Co. (NYSE:IBM) by 21.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,700 shares of the technology company’s stock after buying an additional 2,230 shares during the quarter. International Business Machines comprises approximately 2.6% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 12th biggest position. Silverberg Bernstein Capital Management LLC’s holdings in International Business Machines were worth $2,808,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of IBM. 1832 Asset Management L.P. purchased a new position in International Business Machines in the fourth quarter worth about $3,017,000. Morningstar Investment Services LLC lifted its position in shares of International Business Machines by 146.6% during the 4th quarter. Morningstar Investment Services LLC now owns 7,437 shares of the technology company’s stock valued at $1,218,000 after buying an additional 4,421 shares in the last quarter. Waterloo Capital L.P. purchased a new position in shares of International Business Machines during the 4th quarter valued at about $507,000. Westwood Holdings Group Inc. lifted its position in shares of International Business Machines by 19.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 115,321 shares of the technology company’s stock valued at $18,861,000 after buying an additional 19,175 shares in the last quarter. Finally, Vantage Financial Partners Ltd. Inc. lifted its position in shares of International Business Machines by 2.7% during the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 6,580 shares of the technology company’s stock valued at $1,076,000 after buying an additional 175 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IBM shares. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday. Jefferies Financial Group boosted their price target on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price target on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and a consensus target price of $194.35.

International Business Machines Trading Up 1.5 %

Shares of IBM traded up $3.28 during midday trading on Friday, hitting $226.00. The stock had a trading volume of 3,554,328 shares, compared to its average volume of 4,222,131. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $226.08. 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 stock’s 50 day moving average is $203.61 and its 200 day moving average is $186.27. The firm has a market cap of $207.60 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 earnings per share. As a group, analysts forecast that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.96%. The ex-dividend date was Friday, August 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.