Ameritas Investment Partners Inc. Increases Holdings in International Business Machines Co. (NYSE:IBM)

Ameritas Investment Partners Inc. raised its stake in International Business Machines Co. (NYSE:IBM) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,406 shares of the technology company’s stock after acquiring an additional 428 shares during the period. Ameritas Investment Partners Inc.’s holdings in International Business Machines were worth $6,815,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. Mosley Wealth Management bought a new stake in International Business Machines during the 4th quarter valued at about $312,000. Hodges Capital Management Inc. increased its position in shares of International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock valued at $3,921,000 after acquiring an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in International Business Machines by 10.8% in 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 acquiring an additional 250 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in shares of International Business Machines in the 4th quarter worth $3,017,000. Finally, Westwood Holdings Group Inc. raised its stake in shares of International Business Machines by 19.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 115,321 shares of the technology company’s stock worth $18,861,000 after purchasing an additional 19,175 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on IBM shares. The Goldman Sachs Group began coverage on International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price for the company. Royal Bank of Canada boosted 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 note on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. UBS Group increased their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $188.60.

International Business Machines Trading Up 1.7 %

Shares of IBM stock opened at $217.63 on Friday. The stock has a fifty day simple moving average of $196.52 and a two-hundred day simple moving average of $184.38. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $218.84. The firm has a market capitalization of $199.92 billion, a PE ratio of 24.65, a PEG ratio of 4.67 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the company earned $2.18 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid 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 yield of 3.07%. International Business Machines’s 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.