MAS Advisors LLC Purchases 100 Shares of International Business Machines Co. (NYSE:IBM)

MAS Advisors LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,739 shares of the technology company’s stock after purchasing an additional 100 shares during the period. MAS Advisors LLC’s holdings in International Business Machines were worth $301,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Mosley Wealth Management acquired a new stake in International Business Machines in the fourth quarter valued at about $312,000. Hodges Capital Management Inc. boosted its stake in shares of International Business Machines by 60.8% in the 1st quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock valued at $3,921,000 after purchasing an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY grew its holdings in shares of International Business Machines by 10.8% during the 1st quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock valued at $491,000 after purchasing an additional 250 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in International Business Machines during the 4th quarter worth approximately $3,017,000. Finally, Westwood Holdings Group Inc. lifted its stake in International Business Machines by 19.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 115,321 shares of the technology company’s stock valued at $18,861,000 after purchasing an additional 19,175 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 0.5 %

Shares of International Business Machines stock opened at $213.89 on Friday. The stock’s 50-day moving average is $195.83 and its 200 day moving average is $184.21. International Business Machines Co. has a one year low of $135.87 and a one year high of $218.84. The firm has a market cap of $196.48 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.67 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

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. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the business earned $2.18 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IBM. BMO Capital Markets boosted their target price on shares of 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. Evercore ISI boosted their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Jefferies Financial Group increased their target price on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, The Goldman Sachs Group assumed coverage on shares of International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. Three investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $188.60.

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.