Cypress Financial Planning LLC Invests $255,000 in International Business Machines Co. (NYSE:IBM)

Cypress Financial Planning LLC purchased a new position in International Business Machines Co. (NYSE:IBM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,151 shares of the technology company’s stock, valued at approximately $255,000.

A number of other institutional investors also recently bought and sold shares of the stock. Foresight Capital Management Advisors Inc. raised its stake in International Business Machines by 7.5% in the third quarter. Foresight Capital Management Advisors Inc. now owns 27,921 shares of the technology company’s stock worth $6,173,000 after buying an additional 1,940 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of International Business Machines by 7.3% during the third quarter. Fulton Bank N.A. now owns 35,587 shares of the technology company’s stock valued at $7,868,000 after purchasing an additional 2,434 shares in the last quarter. Schoolcraft Capital LLC bought a new stake in shares of International Business Machines during the third quarter valued at approximately $218,000. KWB Wealth increased its position in shares of International Business Machines by 6.1% during the third quarter. KWB Wealth now owns 2,266 shares of the technology company’s stock valued at $501,000 after acquiring an additional 130 shares in the last quarter. Finally, MKT Advisors LLC purchased a new stake in International Business Machines in the third quarter worth approximately $203,000. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IBM shares. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research note on Wednesday, October 2nd. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their price objective 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. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $194.35.

International Business Machines Price Performance

NYSE:IBM traded up $1.09 during trading hours on Monday, reaching $227.09. The company had a trading volume of 3,453,248 shares, compared to its average volume of 4,218,152. The stock has a 50-day moving average of $203.61 and a two-hundred day moving average of $186.17. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $208.61 billion, a PE ratio of 25.72, a PEG ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a one year low of $135.87 and a one year high of $227.67.

International Business Machines (NYSE:IBM) last released its earnings results 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 firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.18 earnings per share. Analysts forecast that International Business Machines Co. will post 10.1 earnings per share 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. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 2.94%. International Business Machines’s dividend payout ratio is 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.