MJP Associates Inc. ADV Makes New $1.77 Million Investment in International Business Machines Corporation $IBM

MJP Associates Inc. ADV bought a new position in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,314 shares of the technology company’s stock, valued at approximately $1,775,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orca Wealth Management LLC boosted its holdings in International Business Machines by 3.7% in the fourth quarter. Orca Wealth Management LLC now owns 975 shares of the technology company’s stock valued at $285,000 after purchasing an additional 35 shares in the last quarter. Friday Financial raised its holdings in International Business Machines by 1.9% during the second quarter. Friday Financial now owns 1,903 shares of the technology company’s stock worth $583,000 after purchasing an additional 35 shares in the last quarter. First Command Advisory Services Inc. lifted its position in shares of International Business Machines by 1.1% during the 4th quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company’s stock worth $1,025,000 after buying an additional 36 shares during the last quarter. Washington Trust Bank boosted its holdings in shares of International Business Machines by 2.2% in the 4th quarter. Washington Trust Bank now owns 1,712 shares of the technology company’s stock valued at $507,000 after buying an additional 37 shares in the last quarter. Finally, HORAN Wealth LLC boosted its holdings in shares of International Business Machines by 1.3% in the 4th quarter. HORAN Wealth LLC now owns 2,851 shares of the technology company’s stock valued at $844,000 after buying an additional 37 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Craig Hallum assumed coverage on shares of International Business Machines in a research note on Wednesday, August 19th. They set a “buy” rating on the stock. Weiss Ratings downgraded shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Bank of America raised their price objective on International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Robert W. Baird began coverage on International Business Machines in a research report on Tuesday, July 21st. They set a “neutral” rating and a $230.00 target price on the stock. Finally, Argus decreased their target price on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $265.90.

International Business Machines Price Performance

International Business Machines stock opened at $234.87 on Friday. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The business has a 50 day simple moving average of $241.67 and a 200-day simple moving average of $247.13. The stock has a market capitalization of $221.28 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting the consensus estimate of $2.93. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company earned $2.80 earnings per share. Equities analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines’s dividend payout ratio (DPR) is 59.98%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.