Maia Wealth LLC Acquires 101 Shares of International Business Machines Co. (NYSE:IBM)

Maia Wealth LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 8.2% in the third quarter, Holdings Channel.com reports. The fund owned 1,331 shares of the technology company’s stock after purchasing an additional 101 shares during the quarter. Maia Wealth LLC’s holdings in International Business Machines were worth $291,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines during the first quarter valued at approximately $26,000. ESL Trust Services LLC bought a new position in shares of International Business Machines during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. boosted its stake in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines in the second quarter valued at $36,000. Finally, Wolff Wiese Magana LLC raised its stake in International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. Bank of America upped their target price on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $208.12.

International Business Machines Trading Up 2.9 %

IBM opened at $213.58 on Thursday. The firm has a 50 day simple moving average of $217.49 and a 200 day simple moving average of $191.86. International Business Machines Co. has a fifty-two week low of $145.28 and a fifty-two week high of $237.37. The company has a market cap of $197.49 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.13%. International Business Machines’s payout ratio is currently 97.23%.

About International Business Machines

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.