Silvant Capital Management LLC Acquires Shares of 9,172 International Business Machines Corporation $IBM

Silvant Capital Management LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, HoldingsChannel reports. The firm bought 9,172 shares of the technology company’s stock, valued at approximately $2,579,000.

A number of other institutional investors and hedge funds have also modified their holdings of IBM. BlackRock Inc. purchased a new position in International Business Machines in the 2nd quarter valued at about $21,586,659,000. Bank of New York Mellon Corp purchased a new stake in International Business Machines during the 2nd quarter worth approximately $2,606,782,000. Norges Bank acquired a new position in shares of International Business Machines during the fourth quarter valued at approximately $2,446,429,000. Capital World Investors raised its holdings in shares of International Business Machines by 29.2% during the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after acquiring an additional 4,976,756 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of International Business Machines in the second quarter valued at approximately $960,839,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $234.87 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The business has a 50 day simple moving average of $241.67 and a 200-day simple moving average of $247.13. The firm has a market capitalization of $221.28 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The firm had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is 59.98%.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IBM shares. Craig Hallum started coverage on International Business Machines in a research note on Wednesday, August 19th. They issued a “buy” rating on the stock. The Goldman Sachs Group set a $270.00 price objective on International Business Machines in a research note on Thursday, July 23rd. Weiss Ratings lowered International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Wolfe Research lowered shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Needham & Company LLC initiated coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $265.90.

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.