Schechter Investment Advisors LLC Has $911,000 Stake in International Business Machines Co. (NYSE:IBM)

Schechter Investment Advisors LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,573 shares of the technology company’s stock after buying an additional 150 shares during the period. Schechter Investment Advisors LLC’s holdings in International Business Machines were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sandy Cove Advisors LLC increased its holdings in shares of International Business Machines by 13.3% in the fourth quarter. Sandy Cove Advisors LLC now owns 3,009 shares of the technology company’s stock valued at $492,000 after purchasing an additional 353 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of International Business Machines by 4.4% in the fourth quarter. Tectonic Advisors LLC now owns 37,137 shares of the technology company’s stock valued at $6,074,000 after purchasing an additional 1,566 shares during the last quarter. Bar Harbor Wealth Management increased its holdings in shares of International Business Machines by 24.0% in the fourth quarter. Bar Harbor Wealth Management now owns 70,628 shares of the technology company’s stock valued at $11,551,000 after purchasing an additional 13,687 shares during the last quarter. Heartwood Wealth Advisors LLC increased its holdings in shares of International Business Machines by 3.6% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 5,987 shares of the technology company’s stock valued at $979,000 after purchasing an additional 207 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $1,712,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM opened at $190.80 on Thursday. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The business’s fifty day moving average is $186.30 and its 200 day moving average is $163.98. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The stock has a market cap of $174.91 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.69 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same period last year, the business earned $3.60 EPS. International Business Machines’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analysts Set New Price Targets

IBM has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Societe Generale reaffirmed a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America increased their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, BMO Capital Markets increased their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $176.85.

International Business Machines 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.