International Business Machines Corporation $IBM Holdings Raised by Plan Group Financial LLC

Plan Group Financial LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 25.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,256 shares of the technology company’s stock after purchasing an additional 1,855 shares during the quarter. Plan Group Financial LLC’s holdings in International Business Machines were worth $2,612,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBM. Mattson Financial Services LLC acquired a new stake in International Business Machines in the 3rd quarter valued at about $852,000. Vise Technologies Inc. acquired a new stake in International Business Machines during the second quarter valued at approximately $16,565,000. Vanguard Group Inc. lifted its stake in International Business Machines by 2.1% during the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after purchasing an additional 1,913,708 shares during the last quarter. Thames Capital Management LLC acquired a new position in International Business Machines in the second quarter worth approximately $2,710,000. Finally, CWM LLC increased its holdings in shares of International Business Machines by 3.0% in the second quarter. CWM LLC now owns 122,623 shares of the technology company’s stock valued at $36,147,000 after buying an additional 3,537 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent research reports. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Friday, December 5th. UBS Group reaffirmed a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Sunday. Royal Bank Of Canada upped their price target on shares of International Business Machines from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Finally, Stifel Nicolaus raised their price objective on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $303.38.

International Business Machines Stock Down 3.0%

International Business Machines stock opened at $302.84 on Wednesday. The firm’s 50 day moving average price is $303.74 and its two-hundred day moving average price is $282.13. The firm has a market cap of $283.08 billion, a PE ratio of 36.23, a P/E/G ratio of 2.89 and a beta of 0.70. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.30 earnings per share. On average, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s payout ratio is currently 80.38%.

International Business Machines Company Profile

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.