Voisard Asset Management Group Inc. Makes New $106,000 Investment in International Business Machines Co. (NYSE:IBM)

Voisard Asset Management Group Inc. purchased a new position in International Business Machines Co. (NYSE:IBM) in the 4th quarter, HoldingsChannel reports. The fund purchased 650 shares of the technology company’s stock, valued at approximately $106,000.

A number of other large investors have also modified their holdings of IBM. Truepoint Inc. purchased a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $253,000. Checchi Capital Advisers LLC increased its holdings in International Business Machines by 12.2% in the third quarter. Checchi Capital Advisers LLC now owns 9,015 shares of the technology company’s stock valued at $1,265,000 after buying an additional 977 shares during the last quarter. Financial Engines Advisors L.L.C. raised its stake in International Business Machines by 18.7% in the third quarter. Financial Engines Advisors L.L.C. now owns 5,034 shares of the technology company’s stock valued at $706,000 after buying an additional 792 shares in the last quarter. Wealthsource Partners LLC lifted its holdings in International Business Machines by 7.4% during the 3rd quarter. Wealthsource Partners LLC now owns 3,942 shares of the technology company’s stock worth $553,000 after buying an additional 271 shares during the last quarter. Finally, Korea Investment CORP boosted its position in shares of International Business Machines by 1.1% during the 3rd quarter. Korea Investment CORP now owns 585,735 shares of the technology company’s stock worth $82,179,000 after acquiring an additional 6,444 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $0.08 on Friday, hitting $169.20. The company had a trading volume of 2,777,380 shares, compared to its average volume of 4,572,571. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market cap of $155.43 billion, a PE ratio of 19.16, a PEG ratio of 4.16 and a beta of 0.72. International Business Machines Co. has a 52-week low of $129.18 and a 52-week high of $199.18. The business has a 50 day moving average of $172.43 and a 200 day moving average of $175.56.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. As a group, equities analysts anticipate that International Business Machines Co. will post 9.91 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on IBM shares. BMO Capital Markets decreased their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Sanford C. Bernstein upped 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. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research report on Wednesday, May 22nd. Wedbush upped their price target on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, BNP Paribas assumed coverage on International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $181.29.

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.