1,135 Shares in International Business Machines Co. (NYSE:IBM) Acquired by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. acquired a new stake in International Business Machines Co. (NYSE:IBM) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,135 shares of the technology company’s stock, valued at approximately $251,000.

Several other large investors have also recently added to or reduced their stakes in IBM. Atomi Financial Group Inc. grew its stake in shares of International Business Machines by 7.1% in the third quarter. Atomi Financial Group Inc. now owns 23,292 shares of the technology company’s stock valued at $5,149,000 after acquiring an additional 1,548 shares in the last quarter. Anderson Hoagland & Co. bought a new stake in International Business Machines in the 3rd quarter valued at about $4,050,000. Dynamic Advisor Solutions LLC grew its position in shares of International Business Machines by 0.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 37,287 shares of the technology company’s stock worth $8,243,000 after purchasing an additional 152 shares in the last quarter. Evanson Asset Management LLC raised its position in shares of International Business Machines by 7.4% in the third quarter. Evanson Asset Management LLC now owns 2,252 shares of the technology company’s stock valued at $498,000 after buying an additional 155 shares in the last quarter. Finally, Chesley Taft & Associates LLC boosted its stake in shares of International Business Machines by 6.8% in the third quarter. Chesley Taft & Associates LLC now owns 18,116 shares of the technology company’s stock valued at $4,005,000 after buying an additional 1,150 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent research reports. 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, October 2nd. Royal Bank of Canada boosted their price target on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, UBS Group raised their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Three investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $194.35.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $228.62 on Wednesday. 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 52 week low of $135.87 and a 52 week high of $229.35. The firm has a market cap of $210.01 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. The firm’s fifty day moving average is $204.32 and its 200-day moving average is $186.42.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the business earned $2.18 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.92%. International Business Machines’s payout ratio is 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.