S. R. Schill & Associates Raises Holdings in International Business Machines Co. (NYSE:IBM)

S. R. Schill & Associates raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,931 shares of the technology company’s stock after purchasing an additional 209 shares during the period. S. R. Schill & Associates’ holdings in International Business Machines were worth $806,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth grew its stake in shares of International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after buying an additional 56 shares during the period. Financial Security Advisor Inc. grew its stake in shares of International Business Machines by 2.7% in the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after buying an additional 61 shares during the period. Cornerstone Wealth Group LLC grew its stake in shares of International Business Machines by 3.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company’s stock valued at $284,000 after buying an additional 61 shares during the period. Webster Bank N. A. grew its stake in shares of International Business Machines by 0.9% in the 4th quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock valued at $1,166,000 after buying an additional 62 shares during the period. Finally, Thrive Wealth Management LLC grew its stake in shares of International Business Machines by 0.9% in the 4th quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock valued at $1,196,000 after buying an additional 64 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

NYSE IBM traded down $3.63 during trading on Friday, reaching $182.27. The company’s stock had a trading volume of 3,547,378 shares, compared to its average volume of 3,623,920. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market cap of $167.09 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 3.57 and a beta of 0.70. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The business’s fifty day moving average price is $188.66 and its 200-day moving average price is $167.68.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.60 earnings per share. As a group, analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. International Business Machines’s dividend payout ratio is presently 81.67%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. 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 report on Monday, January 22nd. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets increased their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. 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 report on Thursday, January 25th. Finally, Jefferies Financial Group initiated coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $178.08.

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.