Cerity Partners LLC Has $100.14 Million Stock Holdings in International Business Machines Corporation $IBM

Cerity Partners LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,775 shares of the technology company’s stock after purchasing an additional 10,458 shares during the quarter. Cerity Partners LLC’s holdings in International Business Machines were worth $100,139,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Family CFO Inc acquired a new position in International Business Machines in the 2nd quarter valued at about $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines during the second quarter worth approximately $27,000. Dagco Inc. acquired a new position in shares of International Business Machines in the first quarter valued at approximately $31,000. Silicon Valley Capital Partners increased its stake in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, Highline Wealth Partners LLC lifted its holdings in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.0%

Shares of International Business Machines stock opened at $308.09 on Monday. The company has a market capitalization of $287.98 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 3.07 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The firm’s 50-day moving average price is $296.91 and its two-hundred day moving average price is $276.54.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.30 EPS. On average, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

Analysts Set New Price Targets

A number of brokerages have commented on IBM. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Oppenheimer assumed coverage on shares of International Business Machines in a research report on Friday, November 21st. They issued an “outperform” rating and a $360.00 target price for the company. Morgan Stanley lowered their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Stifel Nicolaus cut their price objective on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $291.08.

International Business Machines Company 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.