Atwater Malick LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)

Atwater Malick LLC bought a new stake in International Business Machines Co. (NYSE:IBM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,011 shares of the technology company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines during the 1st quarter valued at $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines in the fourth quarter worth about $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of 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 worth $38,000 after buying an additional 123 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 0.1 %

NYSE:IBM traded up $0.24 during trading hours on Friday, reaching $233.26. The company’s stock had a trading volume of 3,469,322 shares, compared to its average volume of 4,208,364. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company has a market capitalization of $214.87 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $235.83. The stock has a 50 day moving average price of $207.67 and a two-hundred day moving average price of $187.65.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $2.18 earnings per share. Equities analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 73.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IBM shares. Bank of America lifted their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI raised their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada raised their price target on shares of International Business Machines from $211.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus raised their price target on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group raised their target price on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $198.41.

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.