Sage Financial Management Group Inc. Acquires 70 Shares of International Business Machines Corporation (NYSE:IBM)

Sage Financial Management Group Inc. grew its holdings in International Business Machines Corporation (NYSE:IBM) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,570 shares of the technology company’s stock after purchasing an additional 70 shares during the period. Sage Financial Management Group Inc.’s holdings in International Business Machines were worth $390,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares during the period. IFP Advisors Inc increased its position in shares of International Business Machines by 7.7% during the fourth quarter. IFP Advisors Inc now owns 23,254 shares of the technology company’s stock valued at $5,113,000 after buying an additional 1,670 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of International Business Machines by 3.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 22,865 shares of the technology company’s stock worth $5,026,000 after buying an additional 749 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of International Business Machines in the fourth quarter worth about $127,000. Finally, Pine Valley Investments Ltd Liability Co grew its stake in International Business Machines by 9.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 23,305 shares of the technology company’s stock valued at $5,123,000 after acquiring an additional 1,924 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBM has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Morgan Stanley decreased their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada lifted their price objective on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Bank of America raised their price target on International Business Machines from $290.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $253.75.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $293.89 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines Corporation has a 52-week low of $170.41 and a 52-week high of $294.60. The company has a fifty day moving average of $259.78 and a 200-day moving average of $246.40. The stock has a market capitalization of $273.14 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 6.07 and a beta of 0.66.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.29%. International Business Machines’s payout ratio is 115.66%.

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.