L. Roy Papp & Associates LLP Has $1.17 Million Position in International Business Machines Co. (NYSE:IBM)

L. Roy Papp & Associates LLP lessened its position in International Business Machines Co. (NYSE:IBMFree Report) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,124 shares of the technology company’s stock after selling 125 shares during the period. L. Roy Papp & Associates LLP’s holdings in International Business Machines were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. James Hambro & Partners grew its position in shares of International Business Machines by 9.3% in the 4th quarter. James Hambro & Partners now owns 74,704 shares of the technology company’s stock valued at $12,220,000 after acquiring an additional 6,380 shares during the period. LifeSteps Financial Inc. bought a new position in shares of International Business Machines in the 4th quarter valued at about $208,000. Chilton Capital Management LLC grew its position in shares of International Business Machines by 2.6% in the 4th quarter. Chilton Capital Management LLC now owns 13,437 shares of the technology company’s stock valued at $2,198,000 after acquiring an additional 339 shares during the period. Precedent Wealth Partners LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $508,000. Finally, MBL Wealth LLC boosted its holdings in shares of International Business Machines by 78.0% during the 4th quarter. MBL Wealth LLC now owns 3,592 shares of the technology company’s stock worth $587,000 after buying an additional 1,574 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BMO Capital Markets lifted 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. Royal Bank of Canada lifted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Stifel Nicolaus boosted their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $176.85.

Check Out Our Latest Research Report on IBM

International Business Machines Price Performance

Shares of NYSE:IBM opened at $190.96 on Friday. The firm has a 50 day moving average of $187.66 and a 200-day moving average of $164.65. The stock has a market capitalization of $175.06 billion, a PE ratio of 23.49, a PEG ratio of 3.74 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18.

International Business Machines (NYSE:IBMGet Free Report) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.60 EPS. On average, equities research analysts predict that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is presently 81.67%.

International Business Machines Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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