Alliance Wealth Advisors LLC UT Buys 478 Shares of International Business Machines Co. (NYSE:IBM)

Alliance Wealth Advisors LLC UT lifted its position in International Business Machines Co. (NYSE:IBMFree Report) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,591 shares of the technology company’s stock after buying an additional 478 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in International Business Machines were worth $2,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Journey Strategic Wealth LLC lifted its position in International Business Machines by 2.9% during the third quarter. Journey Strategic Wealth LLC now owns 2,459 shares of the technology company’s stock valued at $345,000 after purchasing an additional 69 shares during the period. Perkins Coie Trust Co increased its holdings in International Business Machines by 0.3% during the third quarter. Perkins Coie Trust Co now owns 21,220 shares of the technology company’s stock valued at $2,977,000 after buying an additional 72 shares during the last quarter. Equitable Trust Co. increased its holdings in International Business Machines by 1.1% during the third quarter. Equitable Trust Co. now owns 6,792 shares of the technology company’s stock valued at $953,000 after buying an additional 72 shares during the last quarter. Resurgent Financial Advisors LLC increased its holdings in International Business Machines by 19.8% during the second quarter. Resurgent Financial Advisors LLC now owns 442 shares of the technology company’s stock valued at $59,000 after buying an additional 73 shares during the last quarter. Finally, Mirador Capital Partners LP increased its holdings in International Business Machines by 1.5% during the third quarter. Mirador Capital Partners LP now owns 5,094 shares of the technology company’s stock valued at $715,000 after buying an additional 75 shares during the last quarter. Institutional investors own 56.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IBM shares. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America upped their target price on shares of International Business Machines from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Royal Bank of Canada increased their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus increased their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $171.92.

Check Out Our Latest Stock Report on International Business Machines

International Business Machines Price Performance

IBM stock opened at $185.11 on Monday. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $196.90. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a fifty day simple moving average of $168.99 and a two-hundred day simple moving average of $153.87. The firm has a market capitalization of $169.03 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 3.66 and a beta of 0.71.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the business earned $3.60 earnings per share. International Business Machines’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts anticipate that International Business Machines Co. will post 10.03 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 9th. Stockholders of record on Friday, February 9th will be issued a $1.66 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.59%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

About International Business Machines

(Free Report)

International Business Machines Corporation, together with its subsidiaries, 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; 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.

Featured Articles

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Co. (NYSE:IBMFree Report).

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.