Founders Financial Alliance LLC Grows Position in International Business Machines Co. (NYSE:IBM)

Founders Financial Alliance LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,848 shares of the technology company’s stock after purchasing an additional 220 shares during the quarter. Founders Financial Alliance LLC’s holdings in International Business Machines were worth $1,357,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines in the 1st quarter worth $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the first quarter valued at $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines during the fourth quarter worth about $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines in the 2nd quarter worth about $36,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IBM. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. UBS Group boosted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their target price on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Evercore ISI boosted their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group raised their price objective on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $191.93.

International Business Machines Stock Up 0.1 %

Shares of NYSE IBM opened at $221.07 on Tuesday. The firm has a fifty day simple moving average of $200.91 and a two-hundred day simple moving average of $185.34. The firm has a market capitalization of $203.08 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 4.90 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 12 month low of $135.87 and a 12 month high of $224.15.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.18 EPS. Equities analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

International Business Machines 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.