Schneider Downs Wealth Management Advisors LP Makes New Investment in International Business Machines Co. (NYSE:IBM)

Schneider Downs Wealth Management Advisors LP bought a new position in International Business Machines Co. (NYSE:IBMFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,546 shares of the technology company’s stock, valued at approximately $253,000.

A number of other large investors have also made changes to their positions in IBM. WealthPlan Investment Management LLC lifted its stake in International Business Machines by 220,760.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 44,172 shares of the technology company’s stock worth $6,197,000 after acquiring an additional 44,152 shares in the last quarter. Benedetti & Gucer Inc. lifted its position in shares of International Business Machines by 6.3% in the third quarter. Benedetti & Gucer Inc. now owns 2,124 shares of the technology company’s stock worth $298,000 after purchasing an additional 126 shares in the last quarter. Whitener Capital Management Inc. boosted its holdings in shares of International Business Machines by 1.7% during the third quarter. Whitener Capital Management Inc. now owns 7,303 shares of the technology company’s stock worth $1,025,000 after purchasing an additional 120 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in International Business Machines by 10.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,307 shares of the technology company’s stock valued at $2,709,000 after purchasing an additional 1,829 shares in the last quarter. Finally, West Family Investments Inc. increased its stake in International Business Machines by 30.5% in the 3rd quarter. West Family Investments Inc. now owns 2,542 shares of the technology company’s stock valued at $357,000 after buying an additional 594 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $0.06 on Friday, hitting $169.03. The stock had a trading volume of 2,956,387 shares, compared to its average volume of 4,915,095. The firm’s 50 day moving average price is $181.36 and its 200-day moving average price is $173.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a twelve month low of $125.01 and a twelve month high of $199.18. The company has a market capitalization of $155.27 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 4.16 and a beta of 0.74.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that International Business Machines Co. will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.95%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research note on Thursday. BMO Capital Markets cut their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of International Business Machines in a research note on Thursday. Morgan Stanley cut their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Sanford C. Bernstein boosted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $181.29.

View Our Latest Report on IBM

About International Business Machines

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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