Jacobs & Co. CA Has $12.17 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Jacobs & Co. CA trimmed its position in International Business Machines Co. (NYSE:IBM) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,429 shares of the technology company’s stock after selling 1,421 shares during the period. International Business Machines makes up approximately 1.4% of Jacobs & Co. CA’s holdings, making the stock its 27th biggest holding. Jacobs & Co. CA’s holdings in International Business Machines were worth $12,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Columbia Trust Co 01012016 raised its position in shares of International Business Machines by 3.8% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,875 shares of the technology company’s stock valued at $307,000 after acquiring an additional 69 shares during the period. Waterway Wealth Management LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $431,000. Cultivar Capital Inc. bought a new stake in International Business Machines during the 4th quarter worth approximately $761,000. Smith Anglin Financial LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $1,697,000. Finally, Schechter Investment Advisors LLC increased its stake in International Business Machines by 2.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 5,573 shares of the technology company’s stock worth $911,000 after purchasing an additional 150 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.2 %

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

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter in the prior year, the business posted $3.60 earnings per share. International Business Machines’s revenue was up 4.1% compared to the same quarter last year. Analysts predict that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced 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. This represents a $6.64 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on IBM shares. Royal Bank of Canada increased their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Bank of America raised their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Stifel Nicolaus raised their price target on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price 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.