Presper Financial Architects LLC Invests $1.45 Million in International Business Machines Corporation $IBM

Presper Financial Architects LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,166 shares of the technology company’s stock, valued at approximately $1,453,000. International Business Machines makes up 0.8% of Presper Financial Architects LLC’s holdings, making the stock its 12th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. Orca Wealth Management LLC grew its position in International Business Machines by 3.7% during the 4th quarter. Orca Wealth Management LLC now owns 975 shares of the technology company’s stock worth $285,000 after acquiring an additional 35 shares during the last quarter. Friday Financial increased its holdings in International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company’s stock worth $583,000 after purchasing an additional 35 shares in the last quarter. First Command Advisory Services Inc. raised its position in International Business Machines by 1.1% in the fourth quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 36 shares during the last quarter. Washington Trust Bank raised its position in International Business Machines by 2.2% in the fourth quarter. Washington Trust Bank now owns 1,712 shares of the technology company’s stock valued at $507,000 after purchasing an additional 37 shares during the last quarter. Finally, HORAN Wealth LLC boosted its stake in shares of International Business Machines by 1.3% during the fourth quarter. HORAN Wealth LLC now owns 2,851 shares of the technology company’s stock valued at $844,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IBM shares. Royal Bank Of Canada reissued an “outperform” rating and set a $270.00 target price on shares of International Business Machines in a report on Tuesday, July 21st. Susquehanna boosted their price objective on shares of International Business Machines from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. BMO Capital Markets decreased their price objective on International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a report on Thursday, July 23rd. HSBC set a $175.00 target price on International Business Machines and gave the stock a “reduce” rating in a research report on Thursday, July 16th. Finally, Robert W. Baird began coverage on International Business Machines in a research report on Tuesday, July 21st. They issued a “neutral” rating and a $230.00 price target on the stock. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $265.90.

International Business Machines Trading Up 0.1%

NYSE:IBM opened at $234.87 on Friday. The firm’s fifty day moving average is $241.67 and its 200-day moving average is $247.13. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The firm has a market cap of $221.28 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.24 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.93. The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. International Business Machines’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 earnings per share. Equities analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines’s dividend payout ratio (DPR) is presently 59.98%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company’s stock.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.