International Business Machines Co. (NYSE:IBM) Shares Purchased by Plancorp LLC

Plancorp LLC boosted its holdings in International Business Machines Co. (NYSE:IBM) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,547 shares of the technology company’s stock after acquiring an additional 130 shares during the period. Plancorp LLC’s holdings in International Business Machines were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Moors & Cabot Inc. grew its holdings in International Business Machines by 3.0% during the 2nd quarter. Moors & Cabot Inc. now owns 86,927 shares of the technology company’s stock valued at $15,034,000 after buying an additional 2,501 shares during the last quarter. Excalibur Management Corp lifted its position in shares of International Business Machines by 5.0% in the second quarter. Excalibur Management Corp now owns 13,962 shares of the technology company’s stock valued at $2,415,000 after acquiring an additional 659 shares in the last quarter. Luts & Greenleigh Group Inc. purchased a new stake in International Business Machines during the 2nd quarter worth about $202,000. Wulff Hansen & CO. raised its stake in International Business Machines by 17,195.0% in the 2nd quarter. Wulff Hansen & CO. now owns 290,902 shares of the technology company’s stock valued at $50,312,000 after purchasing an additional 289,220 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in International Business Machines by 12.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,513 shares of the technology company’s stock valued at $2,510,000 after purchasing an additional 1,612 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of IBM stock opened at $217.18 on Tuesday. The company’s fifty day simple moving average is $193.62 and its 200-day simple moving average is $183.60. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $217.90. The company has a market cap of $200.06 billion, a PE ratio of 24.60, a P/E/G ratio of 4.67 and a beta of 0.70.

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 company had revenue of $15.77 billion during the quarter, compared to the consensus estimate 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 revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.18 earnings per share. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.08%. International Business Machines’s payout ratio is currently 75.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. UBS Group lifted their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. 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 report on Thursday, July 25th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Jefferies Financial Group upped their target price on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus raised their price target 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. Three 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, the company currently has a consensus rating of “Hold” and a consensus target price of $188.60.

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.