Hoxton Planning & Management LLC Has $1.15 Million Position in International Business Machines Co. (NYSE:IBM)

Hoxton Planning & Management LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,210 shares of the technology company’s stock after acquiring an additional 273 shares during the quarter. Hoxton Planning & Management LLC’s holdings in International Business Machines were worth $1,152,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Seven Eight Capital LP acquired a new position in International Business Machines in the fourth quarter valued at about $476,000. Cresset Asset Management LLC lifted its stake in International Business Machines by 0.8% in the fourth quarter. Cresset Asset Management LLC now owns 72,422 shares of the technology company’s stock valued at $11,845,000 after buying an additional 558 shares during the period. Icon Wealth Advisors LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $547,000. Northwest Wealth Management LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $206,000. Finally, Ethic Inc. grew its holdings in shares of International Business Machines by 6.3% during the fourth quarter. Ethic Inc. now owns 126,504 shares of the technology company’s stock worth $20,690,000 after buying an additional 7,479 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IBM. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Stifel Nicolaus increased their price target on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Evercore ISI increased their price target 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. Finally, BMO Capital Markets raised their price objective on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Three equities research 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $194.35.

International Business Machines Trading Up 0.7 %

Shares of IBM opened at $228.62 on Wednesday. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $229.35. The business’s fifty day moving average is $204.32 and its 200-day moving average is $186.42. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market cap of $210.01 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share 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 quarter in the previous year, the company posted $2.18 EPS. Equities analysts anticipate 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. Shareholders of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s payout ratio is presently 75.65%.

About International Business Machines

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.