Facet Wealth Inc. Boosts Stock Position in International Business Machines Corporation (NYSE:IBM)

Facet Wealth Inc. increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,937 shares of the technology company’s stock after buying an additional 64 shares during the quarter. Facet Wealth Inc.’s holdings in International Business Machines were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the first quarter valued at about $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in International Business Machines in the 1st quarter valued at about $45,000. Park Square Financial Group LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $43,000. Park Place Capital Corp increased its holdings in shares of International Business Machines by 42.6% during the 1st quarter. Park Place Capital Corp now owns 194 shares of the technology company’s stock worth $48,000 after buying an additional 58 shares during the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake 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.

International Business Machines Trading Down 0.3%

NYSE:IBM opened at $259.70 on Monday. International Business Machines Corporation has a 12-month low of $181.81 and a 12-month high of $296.16. The firm has a market cap of $241.36 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 4.01 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a fifty day moving average price of $277.69 and a 200 day moving average price of $256.27.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The business had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the business posted $2.43 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.59%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is 109.09%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. Stifel Nicolaus raised their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. Finally, UBS Group boosted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.75.

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.