One Day In July LLC Takes $201,000 Position in International Business Machines Co. (NYSE:IBM)

One Day In July LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 917 shares of the technology company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Cromwell Holdings LLC increased its stake in International Business Machines by 4.6% in the fourth quarter. Cromwell Holdings LLC now owns 2,821 shares of the technology company’s stock valued at $620,000 after purchasing an additional 124 shares during the period. Aspen Investment Management Inc boosted its holdings in shares of International Business Machines by 1.9% in the fourth quarter. Aspen Investment Management Inc now owns 5,925 shares of the technology company’s stock valued at $1,302,000 after acquiring an additional 110 shares in the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of International Business Machines by 12.8% in the fourth quarter. Boston Financial Mangement LLC now owns 7,035 shares of the technology company’s stock valued at $1,547,000 after acquiring an additional 800 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in International Business Machines by 38.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 47,643 shares of the technology company’s stock worth $10,473,000 after buying an additional 13,234 shares in the last quarter. Finally, Hardy Reed LLC boosted its holdings in International Business Machines by 18.3% during the fourth quarter. Hardy Reed LLC now owns 1,496 shares of the technology company’s stock worth $329,000 after buying an additional 231 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 $264.85 on Friday. International Business Machines Co. has a one year low of $162.62 and a one year 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 50 day moving average price of $234.65 and a 200 day moving average price of $221.26. The firm has a market capitalization of $244.89 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 5.77 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts anticipate that International Business Machines Co. will post 10.77 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.52%. International Business Machines’s dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

A number of research firms recently commented on IBM. UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective for the company. Finally, Wedbush started coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target 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.