Nvwm LLC Purchases 4,336 Shares of International Business Machines Corporation $IBM

Nvwm LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 21,680.0% during the third quarter, Holdings Channel reports. The firm owned 4,356 shares of the technology company’s stock after purchasing an additional 4,336 shares during the period. Nvwm LLC’s holdings in International Business Machines were worth $1,229,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. CRA Financial Services LLC lifted its holdings in International Business Machines by 4.5% in the third quarter. CRA Financial Services LLC now owns 4,798 shares of the technology company’s stock valued at $1,354,000 after buying an additional 208 shares during the period. KRS Capital Management LLC raised its position in shares of International Business Machines by 6.6% in the 3rd quarter. KRS Capital Management LLC now owns 2,101 shares of the technology company’s stock worth $593,000 after acquiring an additional 131 shares in the last quarter. Marotta Asset Management raised its position in shares of International Business Machines by 34.0% in the 3rd quarter. Marotta Asset Management now owns 1,605 shares of the technology company’s stock worth $460,000 after acquiring an additional 407 shares in the last quarter. Greenup Street Wealth Management LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $268,000. Finally, Highland Capital Management LLC boosted its position in shares of International Business Machines by 3.6% during the 3rd quarter. Highland Capital Management LLC now owns 2,889 shares of the technology company’s stock valued at $815,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $305.22 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The firm has a fifty day simple moving average of $303.62 and a two-hundred day simple moving average of $280.83. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The firm has a market capitalization of $285.30 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.03 and a beta of 0.69.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $2.30 earnings per share. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s payout ratio is currently 80.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group reiterated a “sell” rating on shares of International Business Machines in a report on Tuesday, December 9th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Finally, Stifel Nicolaus raised their price target on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.