Howard Bailey Securities LLC Acquires 58 Shares of International Business Machines Co. (NYSE:IBM)

Howard Bailey Securities LLC raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,007 shares of the technology company’s stock after purchasing an additional 58 shares during the period. Howard Bailey Securities LLC’s holdings in International Business Machines were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hemington Wealth Management lifted its stake in shares of International Business Machines by 7.6% in the 4th quarter. Hemington Wealth Management now owns 2,316 shares of the technology company’s stock valued at $509,000 after purchasing an additional 163 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of International Business Machines by 1.1% in the 4th quarter. Ingalls & Snyder LLC now owns 18,853 shares of the technology company’s stock worth $4,144,000 after purchasing an additional 197 shares in the last quarter. Consolidated Planning Corp increased its holdings in shares of International Business Machines by 3.2% in the 4th quarter. Consolidated Planning Corp now owns 24,913 shares of the technology company’s stock worth $5,477,000 after purchasing an additional 766 shares in the last quarter. MFG Wealth Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth $2,796,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in International Business Machines by 2,534.3% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 203,027 shares of the technology company’s stock valued at $44,631,000 after acquiring an additional 195,320 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.5 %

International Business Machines stock opened at $255.86 on Thursday. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $236.58 billion, a PE ratio of 39.92, a PEG ratio of 5.57 and a beta of 0.76. The business’s 50-day simple moving average is $230.70 and its two-hundred day simple moving average is $218.22.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.61%. International Business Machines’s payout ratio is 104.21%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on IBM shares. Stifel Nicolaus lifted their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Finally, UBS Group lifted their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $231.44.

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.