Sequoia Financial Advisors LLC Increases Stake in International Business Machines Co. (NYSE:IBM)

Sequoia Financial Advisors LLC boosted its stake in International Business Machines Co. (NYSE:IBM) by 354.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,038 shares of the technology company’s stock after buying an additional 67,867 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in International Business Machines were worth $14,235,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IBM. Vanguard Group Inc. boosted its position in shares of International Business Machines by 0.4% during the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. Morgan Stanley lifted its position in International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after buying an additional 3,084,458 shares during the period. Charles Schwab Investment Management Inc. lifted its position in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after buying an additional 1,105,170 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after buying an additional 11,017,849 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of International Business Machines by 4.2% in the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after buying an additional 404,948 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 0.3 %

IBM opened at $189.31 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The stock has a market capitalization of $173.55 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.72 and a beta of 0.70. The firm has a 50 day moving average price of $188.71 and a 200-day moving average price of $167.00.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the business posted $3.60 EPS. International Business Machines’s revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.51%. International Business Machines’s dividend payout ratio is currently 81.67%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Bank of America boosted their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Jefferies Financial Group assumed coverage on International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. Stifel Nicolaus boosted their target price on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $176.85.

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.