Guardian Wealth Advisors LLC Boosts Position in International Business Machines Co. (NYSE:IBM)

Guardian Wealth Advisors LLC boosted its stake in International Business Machines Co. (NYSE:IBM) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,278 shares of the technology company’s stock after acquiring an additional 191 shares during the period. Guardian Wealth Advisors LLC’s holdings in International Business Machines were worth $394,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IBM. FPC Investment Advisory Inc. purchased a new stake in International Business Machines in the first quarter worth about $26,000. ESL Trust Services LLC bought a new position in shares of International Business Machines during the first quarter valued at $28,000. Creekmur Asset Management LLC purchased a new position in shares of International Business Machines in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines in the 4th quarter worth about $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

NYSE IBM opened at $214.79 on Friday. The business has a 50-day moving average price of $192.83 and a 200-day moving average price of $183.40. The firm has a market cap of $197.85 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $216.09. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. As a group, equities research analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Stifel Nicolaus boosted their target price on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $188.60.

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.