SPC Financial Inc. Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

SPC Financial Inc. boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,637 shares of the technology company’s stock after acquiring an additional 127 shares during the quarter. SPC Financial Inc.’s holdings in International Business Machines were worth $2,877,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines in the first quarter worth about $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the first quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines during the 4th quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines during the 2nd quarter valued at $36,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $221.07 on Tuesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company’s fifty day moving average price is $200.91 and its 200 day moving average price is $185.34. The stock has a market capitalization of $203.08 billion, a P/E ratio of 25.04, a P/E/G ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $224.15.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.18 earnings per share. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.02%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Ratings Changes

Several equities analysts have recently commented on IBM shares. BMO Capital Markets raised their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Jefferies Financial Group increased their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $191.93.

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.