Gradient Investments LLC Has $12.09 Million Stock Holdings in International Business Machines Corporation $IBM

Gradient Investments LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 1,619.5% in the 3rd quarter, Holdings Channel reports. The firm owned 42,849 shares of the technology company’s stock after acquiring an additional 40,357 shares during the period. Gradient Investments LLC’s holdings in International Business Machines were worth $12,090,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IBM. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter worth $25,000. Winnow Wealth LLC bought a new position in International Business Machines in the second quarter valued at about $27,000. Silicon Valley Capital Partners raised its stake in 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 acquiring an additional 100 shares in the last quarter. Highline Wealth Partners LLC lifted its holdings in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Copia Wealth Management boosted its stake in shares of International Business Machines by 57.6% in the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $303.32 on Thursday. The business has a 50-day moving average of $300.33 and a 200-day moving average of $279.16. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market capitalization of $283.52 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last announced 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. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on IBM shares. Bank of America increased their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Oppenheimer assumed coverage on shares of International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price target for the company. Morgan Stanley dropped their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. BMO Capital Markets boosted their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group increased their target price on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.38.

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.