Schechter Investment Advisors LLC Grows Stock Position in International Business Machines Co. (NYSE:IBM)

Schechter Investment Advisors LLC increased its holdings in International Business Machines Co. (NYSE:IBM) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,573 shares of the technology company’s stock after buying an additional 150 shares during the quarter. Schechter Investment Advisors LLC’s holdings in International Business Machines were worth $911,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its position in shares of International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after acquiring an additional 11,017,849 shares during the period. Norges Bank purchased a new position in shares of International Business Machines during the 4th quarter valued at about $876,014,000. Morgan Stanley grew its stake in shares of International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after acquiring an additional 3,084,458 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in International Business Machines by 35.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after acquiring an additional 1,163,790 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after purchasing an additional 1,105,170 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

NYSE:IBM opened at $190.80 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $174.91 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.69 and a beta of 0.70. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The business’s 50-day moving average is $186.30 and its 200 day moving average is $163.98.

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

International Business Machines Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBM shares. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. BMO Capital Markets boosted their price objective on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price objective on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Bank of America boosted their price objective on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Societe Generale restated a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $176.85.

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.