International Business Machines Co. (NYSE:IBM) Shares Purchased by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,619 shares of the technology company’s stock after purchasing an additional 215 shares during the period. Noesis Capital Mangement Corp’s holdings in International Business Machines were worth $356,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBM. Pettinga Financial Advisors LLC bought a new position in shares of International Business Machines during the third quarter valued at approximately $221,000. Congress Asset Management Co. acquired a new stake in International Business Machines in the third quarter worth $11,809,000. Baron Silver Stevens Financial Advisors LLC acquired a new stake in International Business Machines in the third quarter worth $267,000. Summit Wealth Partners LLC lifted its stake in International Business Machines by 5.5% in the third quarter. Summit Wealth Partners LLC now owns 1,934 shares of the technology company’s stock valued at $428,000 after buying an additional 101 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of International Business Machines by 4.5% during the third quarter. Stephens Inc. AR now owns 70,695 shares of the technology company’s stock valued at $15,629,000 after acquiring an additional 3,075 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Jefferies Financial Group raised their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Wedbush assumed coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Morgan Stanley lifted their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Two 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Stock Performance

Shares of IBM opened at $252.63 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm’s 50 day moving average is $238.37 and its 200-day moving average is $224.13. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The stock has a market capitalization of $234.25 billion, a P/E ratio of 39.41, a P/E/G ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is 104.21%.

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.