International Business Machines Co. (NYSE:IBM) Shares Purchased by Everhart Financial Group Inc.

Everhart Financial Group Inc. raised its position in International Business Machines Co. (NYSE:IBM) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,893 shares of the technology company’s stock after acquiring an additional 375 shares during the quarter. Everhart Financial Group Inc.’s holdings in International Business Machines were worth $847,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the first quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines in the first quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in International Business Machines in the fourth quarter valued at approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of several research analyst reports. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Stifel Nicolaus increased their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their target price on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley reduced their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $184.93.

International Business Machines Stock Performance

NYSE IBM traded up $0.07 during trading hours on Friday, hitting $196.03. The company had a trading volume of 2,320,477 shares, compared to its average volume of 4,278,521. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $199.18. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a fifty day simple moving average of $183.79 and a 200-day simple moving average of $181.44. The firm has a market cap of $180.07 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. The firm 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 firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned $2.18 earnings per share. Equities analysts predict that International Business Machines Co. will post 10.06 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. Stockholders of record on Friday, August 9th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

International Business Machines Company 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.