Brighton Jones LLC Boosts Position in International Business Machines Co. (NYSE:IBM)

Brighton Jones LLC increased its holdings in International Business Machines Co. (NYSE:IBM) by 5.2% in the third quarter, HoldingsChannel.com reports. The fund owned 18,688 shares of the technology company’s stock after acquiring an additional 922 shares during the period. Brighton Jones LLC’s holdings in International Business Machines were worth $4,132,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in International Business Machines in the first quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines during the 2nd quarter valued at approximately $36,000. Wolff Wiese Magana LLC grew its holdings in shares of International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares during the period. Finally, Briaud Financial Planning Inc raised its position in shares of International Business Machines by 54.3% in the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the topic of several research reports. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Bernstein Bank boosted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Morgan Stanley lifted their price target on shares of International Business Machines from $182.00 to $217.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, BMO Capital Markets upped their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $205.71.

International Business Machines Trading Up 0.2 %

NYSE:IBM opened at $232.75 on Thursday. The company has a market cap of $213.80 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The company has a 50 day simple moving average of $214.67 and a two-hundred day simple moving average of $190.05. International Business Machines Co. has a 12 month low of $136.05 and a 12 month high of $237.37.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.18 earnings per share. Research analysts forecast that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

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.