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

Cerity Partners LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 3.2% in the second quarter, Holdings Channel.com reports. The firm owned 339,775 shares of the technology company’s stock after buying 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.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IBM. Family CFO Inc acquired a new position in shares of International Business Machines during the second quarter worth $25,000. Winnow Wealth LLC bought a new stake in International Business Machines during the 2nd quarter worth $27,000. Dagco Inc. bought a new stake in International Business Machines during the 1st quarter worth $31,000. Silicon Valley Capital Partners increased its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC raised its position in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Oppenheimer started coverage on International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price target on the stock. Jefferies Financial Group boosted their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Finally, BMO Capital Markets increased their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $291.08.

International Business Machines Trading Up 0.0%

NYSE:IBM opened at $308.09 on Monday. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The firm’s fifty day moving average is $296.91 and its 200-day moving average is $276.54. The firm has a market cap of $287.98 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.07 and a beta of 0.69.

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

International Business Machines Announces Dividend

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

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.