James Investment Research Inc. Has $890,000 Position in International Business Machines Corporation $IBM

James Investment Research Inc. increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 324.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,156 shares of the technology company’s stock after purchasing an additional 2,412 shares during the quarter. James Investment Research Inc.’s holdings in International Business Machines were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. Brighton Jones LLC increased its stake in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the period. Trinity Legacy Partners LLC bought a new position in shares of International Business Machines during the second quarter valued at $203,000. Sivia Capital Partners LLC grew its stake in shares of International Business Machines by 10.6% in the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock worth $571,000 after purchasing an additional 186 shares during the last quarter. Tritonpoint Wealth LLC raised its position in shares of International Business Machines by 23.0% during the second quarter. Tritonpoint Wealth LLC now owns 2,790 shares of the technology company’s stock worth $822,000 after acquiring an additional 521 shares during the last quarter. Finally, Grandview Asset Management LLC boosted its holdings in International Business Machines by 7.9% in the second quarter. Grandview Asset Management LLC now owns 5,884 shares of the technology company’s stock valued at $1,735,000 after acquiring an additional 429 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IBM shares. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Jefferies Financial Group raised International Business Machines from a “hold” rating to a “buy” rating and boosted their price objective for the company from $300.00 to $360.00 in a research note on Monday, January 5th. Erste Group Bank raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. BMO Capital Markets increased their price target on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Finally, Oppenheimer assumed coverage on shares of International Business Machines in a research report on Friday, November 21st. They set an “outperform” rating and a $360.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $306.86.

International Business Machines Price Performance

Shares of IBM opened at $296.56 on Tuesday. The stock has a market cap of $277.20 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.83 and a beta of 0.70. The business’s fifty day moving average is $302.11 and its 200 day moving average is $282.65. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90.

International Business Machines Company Profile

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.