Imprint Wealth LLC Buys 720 Shares of International Business Machines Co. (NYSE:IBM)

Imprint Wealth LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 28.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,221 shares of the technology company’s stock after acquiring an additional 720 shares during the period. Imprint Wealth LLC’s holdings in International Business Machines were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at approximately $28,000. Live Oak Investment Partners acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $30,000. Briaud Financial Planning Inc acquired a new stake in shares of International Business Machines in the third quarter valued at approximately $31,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of International Business Machines in the second quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC raised its holdings in shares of International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America boosted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group began coverage on shares of International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $178.08.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $2.75 on Tuesday, hitting $184.00. The company had a trading volume of 2,064,923 shares, compared to its average volume of 4,820,748. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The stock has a market cap of $168.68 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 3.57 and a beta of 0.70. The stock has a 50 day moving average price of $188.62 and a 200 day moving average price of $168.13. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) 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. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.60 earnings per share. Analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.61%. International Business Machines’s payout ratio is presently 81.67%.

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.