McAdam LLC Purchases 154 Shares of International Business Machines Co. (NYSE:IBM)

McAdam LLC raised its position in shares of International Business Machines Co. (NYSE:IBM) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,518 shares of the technology company’s stock after buying an additional 154 shares during the period. McAdam LLC’s holdings in International Business Machines were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IBM. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines during the first quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in International Business Machines in the 4th quarter worth approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% during the 1st 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 last quarter. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on IBM shares. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus raised their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note 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 company an “outperform” rating in a research note on Thursday, July 25th. BNP Paribas initiated coverage on International Business Machines in a report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price objective on the stock. Finally, StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $184.93.

International Business Machines Price Performance

NYSE:IBM opened at $196.10 on Friday. 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 price of $183.79 and a 200-day moving average price of $181.43. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $199.18. The firm has a market cap of $180.14 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates 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 revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $2.18 earnings per share. Equities research analysts forecast 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. Investors of record on Friday, August 9th will be issued a $1.67 dividend. 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 3.41%. International Business Machines’s payout ratio is 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.