Moody Lynn & Lieberson LLC Buys 233 Shares of International Business Machines Corporation (NYSE:IBM)

by · The Cerbat Gem

Moody Lynn & Lieberson LLC raised its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,381 shares of the technology company’s stock after purchasing an additional 233 shares during the period. Moody Lynn & Lieberson LLC’s holdings in International Business Machines were worth $3,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vision Financial Markets LLC bought a new position in International Business Machines during the fourth quarter worth $31,000. Rialto Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $35,000. Tacita Capital Inc increased its stake in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Finally, Park Place Capital Corp raised its stake in shares of International Business Machines by 42.6% in the first quarter. Park Place Capital Corp now owns 194 shares of the technology company’s stock worth $48,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on IBM shares. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Royal Bank Of Canada upped their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. 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. Finally, Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $253.75.

Check Out Our Latest Analysis on IBM

International Business Machines Price Performance

IBM stock opened at $291.27 on Wednesday. International Business Machines Corporation has a 52-week low of $173.95 and a 52-week high of $296.16. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The firm has a market capitalization of $270.71 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 6.19 and a beta of 0.69. The firm has a 50 day moving average price of $265.09 and a 200-day moving average price of $248.52.

International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results 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 net margin of 8.71% and a return on equity of 37.43%. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.31%. International Business Machines’s payout ratio is currently 115.66%.

About International Business Machines

(Free Report)

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.

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