Marotta Asset Management Has $367,000 Stake in International Business Machines Co. (NYSE:IBM)

Marotta Asset Management lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,660 shares of the technology company’s stock after selling 60 shares during the period. Marotta Asset Management’s holdings in International Business Machines were worth $367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at about $7,160,000. Mosley Wealth Management acquired a new position in International Business Machines in the fourth quarter valued at approximately $312,000. Hodges Capital Management Inc. boosted its holdings in shares of International Business Machines by 60.8% during the 1st quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after buying an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY grew its position 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 worth $491,000 after buying an additional 250 shares during the period. Finally, 1832 Asset Management L.P. bought a new stake in shares of International Business Machines in the 4th quarter valued at $3,017,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on IBM shares. Royal Bank of Canada raised their price target on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Evercore ISI boosted their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus increased their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $194.35.

International Business Machines Trading Up 1.4 %

NYSE:IBM opened at $222.70 on Friday. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $224.15. The firm has a 50-day moving average price of $202.93 and a two-hundred day moving average price of $186.04. The firm has a market cap of $204.57 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 4.90 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 quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business 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%. International Business Machines’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $2.18 earnings per share. On average, equities analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

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.