GHP Investment Advisors Inc. Increases Holdings in International Business Machines Corporation (NYSE:IBM)

GHP Investment Advisors Inc. boosted its position in International Business Machines Corporation (NYSE:IBM) by 0.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 79,065 shares of the technology company’s stock after purchasing an additional 371 shares during the period. International Business Machines accounts for approximately 0.9% of GHP Investment Advisors Inc.’s portfolio, making the stock its 18th biggest position. GHP Investment Advisors Inc.’s holdings in International Business Machines were worth $19,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth about $31,000. Rialto Wealth Management LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $35,000. Tacita Capital Inc boosted its position in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after purchasing an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $43,000. Finally, Park Square Financial Group LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. Morgan Stanley dropped their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. UBS Group reaffirmed a “sell” rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $253.75.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $289.25 on Tuesday. The stock has a market capitalization of $268.83 billion, a P/E ratio of 49.78, a PEG ratio of 5.90 and a beta of 0.66. The business has a 50 day simple moving average of $258.71 and a two-hundred day simple moving average of $246.07. International Business Machines Corporation has a 12 month low of $170.41 and a 12 month high of $292.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. As a group, analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is 115.66%.

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.