3,846 Shares in International Business Machines Corporation $IBM Acquired by Montis Financial LLC

Montis Financial LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,846 shares of the technology company’s stock, valued at approximately $1,085,000.

A number of other hedge funds have also recently made changes to their positions in the company. Family CFO Inc purchased a new position in International Business Machines during the second quarter worth about $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $27,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of International Business Machines during the third quarter worth about $28,000. Highline Wealth Partners LLC increased its position in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the last quarter. Finally, Copia Wealth Management lifted its position in International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after purchasing an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on IBM shares. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Jefferies Financial Group raised International Business Machines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $300.00 to $360.00 in a research note on Monday, January 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a report on Wednesday, December 10th. Morgan Stanley decreased their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Finally, Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus price target of $303.38.

International Business Machines Trading Down 3.6%

Shares of IBM stock opened at $297.88 on Friday. The business has a 50-day moving average of $303.48 and a 200 day moving average of $282.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The stock has a market capitalization of $278.44 billion, a PE ratio of 35.63, a P/E/G ratio of 2.99 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the previous year, the firm earned $2.30 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio is currently 80.38%.

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.