High Falls Advisors Inc Makes New $234,000 Investment in International Business Machines Corporation (NYSE:IBM)

High Falls Advisors Inc acquired a new position in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 942 shares of the technology company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBM. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the 1st quarter worth about $31,000. Measured Risk Portfolios Inc. bought a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $237.31 on Friday. The company has a market capitalization of $220.56 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 3.70 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a 50-day simple moving average of $273.87 and a 200 day simple moving average of $258.36. International Business Machines Corporation has a 52 week low of $192.86 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.43 EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a “hold” rating in a report on Thursday, April 24th. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Finally, BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $268.75.

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.