Continuum Advisory LLC Buys 87 Shares of International Business Machines Corporation (NYSE:IBM)

Continuum Advisory LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 2.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,165 shares of the technology company’s stock after purchasing an additional 87 shares during the period. Continuum Advisory LLC’s holdings in International Business Machines were worth $1,036,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of IBM. Vision Financial Markets LLC bought a new stake in International Business Machines in the 4th quarter worth about $31,000. Rialto Wealth Management LLC bought a new stake in International Business Machines in the 4th quarter worth about $35,000. Tacita Capital Inc increased its holdings in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after buying an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. bought a new stake in International Business Machines in the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC bought a new stake in International Business Machines in the 4th quarter worth about $43,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBM has been the subject of several research analyst reports. Bank of America lifted their price objective on International Business Machines from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Royal Bank Of Canada raised their target price on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Morgan Stanley dropped their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, KGI Securities set a $242.00 target price on International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $253.75.

International Business Machines Trading Down 0.9%

Shares of NYSE:IBM opened at $280.67 on Monday. International Business Machines Corporation has a 52-week low of $170.41 and a 52-week high of $286.91. The stock has a market cap of $260.85 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 5.90 and a beta of 0.66. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The business has a 50-day moving average price of $257.71 and a 200-day moving average price of $245.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. During the same period last year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.39%. International Business Machines’s dividend payout ratio is presently 115.66%.

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.