Fort Sheridan Advisors LLC Acquires 200 Shares of International Business Machines Co. (NYSE:IBM)

Fort Sheridan Advisors LLC boosted its stake in International Business Machines Co. (NYSE:IBMGet Rating) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,178 shares of the technology company’s stock after buying an additional 200 shares during the period. Fort Sheridan Advisors LLC’s holdings in International Business Machines were worth $933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. IFS Advisors LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Parkside Investments LLC purchased a new position in shares of International Business Machines during the first quarter valued at approximately $31,000. Total Clarity Wealth Management Inc. lifted its holdings in shares of International Business Machines by 537.5% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock valued at $34,000 after purchasing an additional 215 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of International Business Machines by 39.9% during the first quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company’s stock valued at $35,000 after purchasing an additional 77 shares during the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $37,000. 55.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IBM shares. Tigress Financial lifted their target price on shares of International Business Machines from $133.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Credit Suisse Group decreased their price objective on shares of International Business Machines from $166.00 to $156.00 and set an “outperform” rating for the company in a report on Wednesday, July 20th. Bank of America boosted their price objective on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. BMO Capital Markets decreased their price objective on shares of International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.10.

Insider Buying and Selling

In related news, major shareholder Business Machine International sold 22,301,536 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the transaction, the insider now owns 22,301,536 shares of the company’s stock, valued at approximately $311,106,427.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

International Business Machines Trading Up 0.6 %

Shares of IBM stock opened at $132.48 on Friday. International Business Machines Co. has a 1 year low of $114.56 and a 1 year high of $146.00. The firm has a fifty day moving average price of $136.61 and a 200-day moving average price of $132.76. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.82. The company has a market cap of $119.65 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.99 and a beta of 0.85.

International Business Machines (NYSE:IBMGet Rating) last issued its quarterly earnings data on Monday, July 18th. The technology company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.02. The firm had revenue of $15.54 billion during the quarter, compared to the consensus estimate of $15.18 billion. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 EPS. As a group, equities analysts predict that International Business Machines Co. will post 9.47 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be issued a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 4.98%. The ex-dividend date is Tuesday, August 9th. International Business Machines’s dividend payout ratio is currently 107.14%.

About International Business Machines

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

See Also

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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