International Business Machines INC (NYSE: IBM), the subject of a new investment by General Partner INC during the fourth quarter, was the subject of the most recent Form 13F filing that the company made with the Securities and Exchange Commission.
According to the filing that the company made, this is the case.
The investment fund shelled out close to 126 thousand dollars to purchase 897 shares in the technology firm.
The quarterly earnings report for International Business Machines, traded on the New York Stock Exchange under the IBM ticker, was released on January 25.
The information technology company’s quarterly profits per share came in at $3.60, which was $0.01 less than the average prediction of $3.61 that had been made before the release of the financial results.
It was projected that the company would bring in $16.38 billion in revenue during the quarter, but they could bring in $16.69 billion instead, which is a significant increase.
The return on equity for International Business Machines came in at 41.24 percent, while the net margin for the company was 2.71 percent.
The company’s quarterly revenue showed a year-over-year increase of 0.0% compared to the prior year.
The company reported a profit per share of $3.35 during the same period in the previous year’s financial statements.
Most market analysts predict that International Business Machines Company will end the current fiscal year with earnings of $9.46 per share, which were achieved in the previous fiscal year.
Thursday marked the beginning of trading for IBM for $123.28.
There is a debt-to-equity ratio equal to 2.10, a current ratio equal to 0.92, and a quick ratio equal to 0.87.
The International Business Machines Company has seen a 52-week low of $115.54 and a 52-week high of $153.21 throughout its history.
The company possesses a beta coefficient of 0.85, a market capitalization currently sitting at $111.83 billion, a PE ratio currently sitting at 70.05, and a P/E/G ratio currently sitting at 3.25. $135.19 is the company’s moving average price over the past 200 days, and $135.38 is the average price over the last 50 days.
As a direct consequence of recent occurrences, several additional institutional investors have shifted their positions about the company.
During the third quarter of this year, EdgeRock Capital LLC invested $36,000 in acquiring a new holding in International Business Machines.
McClarren Financial Advisors, INC invested in International Business Machines in the amount of $38,000 during the third quarter of the fiscal year.
Ten Capital Wealth Advisors LLC saw a 352.5% increase in the percentage of its holdings allocated to International Business Machines during the third quarter.
Ten Capital Wealth Advisors LLC increased its holdings in the stock of the technology business during the most recent quarter by purchasing an additional 282 shares, bringing the total number of shares purchased to 362, with a value of $43,000.
This brought the total number of shares purchased to a total of 362.
During the second quarter of this year, Heritage Wealth Management LLC made an investment in International Business Machines consisting of 47,000 dollars by acquiring a new holding in the company.
And finally, during the company’s third fiscal quarter, Bray Capital Advisors saw a 33.3% increase in its ownership stake in International Business Machines (IBM).
Bray Capital Advisors now directly owns 404 shares of the company’s stock, which have a value of $48,000, after making an additional purchase of 101 shares of the technology company’s stock during the most recent fiscal quarter.
The majority of the company’s stock, which accounts for 55.90% of the total, is held by institutional investors.
In addition, the company recently declared and implemented a quarterly dividend, carried out on March 10 of this month. Shareholders on record as of February 10 were eligible to receive a dividend payment of $1.65, distributed on that day.
Thursday, February 9, was the day the dividend was disbursed, corresponding to the calendar month of February.
This results in an annual dividend payment of $6.60 and a yield of 5.35 percent for the investment.
It has been determined that International Business Machines has a dividend payout ratio (DPR) of 375.00%.
IBM has been the primary focus of most of the research and analyst reports written.
BMO Capital Markets upgraded their rating for International Business Machines from “market perform” to “outperform” in a research report released on Thursday, January 26.
In addition, they increased their price target for the company’s stock from $148.0 to $155.00.
Both of these changes were reflected in the price of the report.
Morgan Stanley lowered their price target on shares of International Business Machines from $148.00 to $140.00 in a research report that was made public on January 26.
The rating that had been previously given to shares of International Business Machines (IBM) was changed from “underperform” to “market perform” in a research report that Moffett Nathanson distributed on January 24.
In addition, the firm has projected a price of $140.00 for the company over the next twelve months. StockNews.com announced on Thursday that it would begin providing coverage on shares of International Business Machines in a research report made available that same day.
The stock now has a “buy” rating, previously held by another rating.
In a research report that Edward Jones disseminated on Monday, February 6, International Business Machines was downgraded from a “buy” recommendation to a “hold” rating.
This was the last but not the least of the company’s rating changes. One equity research expert advocates purchasing the stock, six experts suggest keeping stock, four experts suggest holding the stock, and one analyst suggests selling the stock.
Most analysts have a “Hold” rating for the company at the moment, and Bloomberg.com reports that their price target is $142.73 for the stock.