B.O.S.S. Retirement Advisors LLC Invests $808,000 in International Business Machines Corporation $IBM

B.O.S.S. Retirement Advisors LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,335 shares of the technology company’s stock, valued at approximately $808,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. lifted its position in shares of International Business Machines by 0.8% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 97,462 shares of the technology company’s stock worth $23,624,000 after purchasing an additional 791 shares during the period. Lee Danner & Bass Inc. boosted its position in shares of International Business Machines by 1.8% in the 1st quarter. Lee Danner & Bass Inc. now owns 12,741 shares of the technology company’s stock worth $3,088,000 after purchasing an additional 226 shares in the last quarter. Retirement Financial Solutions LLC purchased a new stake in shares of International Business Machines in the first quarter worth $299,000. NBT Bank N A NY increased its stake in International Business Machines by 16.9% during the 1st quarter. NBT Bank N A NY now owns 54,104 shares of the technology company’s stock valued at $13,114,000 after purchasing an additional 7,818 shares in the last quarter. Finally, Howe & Rusling Inc. raised its holdings in International Business Machines by 23.5% in the 1st quarter. Howe & Rusling Inc. now owns 3,826 shares of the technology company’s stock worth $928,000 after acquiring an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Oppenheimer cut their target price on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. BMO Capital Markets decreased their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a research report on Friday, April 24th. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Finally, Susquehanna began coverage on shares of International Business Machines in a report on Tuesday, June 23rd. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $306.76.

International Business Machines Trading Down 0.2%

Shares of NYSE IBM opened at $288.95 on Friday. The business has a fifty day moving average price of $256.99 and a 200 day moving average price of $266.36. The stock has a market capitalization of $271.58 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

International Business Machines 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.