Linden Thomas Advisory Services LLC Purchases New Position in International Business Machines Co. (NYSE:IBM)

Linden Thomas Advisory Services LLC purchased a new stake in International Business Machines Co. (NYSE:IBM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,229 shares of the technology company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Community Bank & Trust Waco Texas grew its stake in International Business Machines by 3.1% in the 4th quarter. Community Bank & Trust Waco Texas now owns 33,293 shares of the technology company’s stock valued at $5,445,000 after buying an additional 1,002 shares during the last quarter. SlateStone Wealth LLC grew its stake in International Business Machines by 3.4% in the 4th quarter. SlateStone Wealth LLC now owns 5,515 shares of the technology company’s stock valued at $902,000 after buying an additional 183 shares during the last quarter. Stockman Wealth Management Inc. grew its stake in International Business Machines by 0.6% in the 4th quarter. Stockman Wealth Management Inc. now owns 77,104 shares of the technology company’s stock valued at $12,610,000 after buying an additional 433 shares during the last quarter. RWA Wealth Partners LLC grew its stake in International Business Machines by 619.6% in the 4th quarter. RWA Wealth Partners LLC now owns 52,145 shares of the technology company’s stock valued at $8,528,000 after buying an additional 44,899 shares during the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in International Business Machines by 2.7% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,156 shares of the technology company’s stock valued at $516,000 after buying an additional 84 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 analysts have issued reports on IBM shares. BMO Capital Markets cut their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday. Morgan Stanley cut their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Bank of America boosted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $167.20 on Friday. The company has a 50 day moving average of $187.60 and a 200-day moving average of $170.15. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a current ratio of 1.13, a quick ratio of 0.93 and a debt-to-equity ratio of 2.32. The company has a market cap of $153.28 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 3.33 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. As a group, equities research analysts forecast that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is 75.20%.

About International Business Machines

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.