International Business Machines Co. (NYSE:IBM) Shares Bought by Eagle Strategies LLC

Eagle Strategies LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 116.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,398 shares of the technology company’s stock after purchasing an additional 1,288 shares during the quarter. Eagle Strategies LLC’s holdings in International Business Machines were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the first quarter worth $26,000. ESL Trust Services LLC bought a new position in shares of International Business Machines during the first quarter worth about $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines during the 4th quarter valued at about $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets increased their price target on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada increased their target price on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $188.60.

International Business Machines Trading Up 0.8 %

Shares of IBM opened at $211.61 on Friday. The business’s 50-day moving average price is $192.05 and its 200 day moving average price is $183.18. The stock has a market capitalization of $194.39 billion, a P/E ratio of 23.96, a P/E/G ratio of 4.47 and a beta of 0.70. 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 1-year low of $135.87 and a 1-year high of $212.65.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion for 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%. International Business Machines’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 earnings per share. Analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.16%. International Business Machines’s dividend payout ratio is 75.65%.

About International Business Machines

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.