Mesirow Financial Investment Management Inc. Raises Stock Position in International Business Machines Co. (NYSE:IBM)

Mesirow Financial Investment Management Inc. lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 24,331 shares of the technology company’s stock after acquiring an additional 931 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in International Business Machines were worth $4,210,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IBM. Gilbert & Cook Inc. increased its holdings in shares of International Business Machines by 2.7% in the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after acquiring an additional 101 shares during the period. Aveo Capital Partners LLC increased its stake in International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock valued at $507,000 after buying an additional 109 shares during the period. Gryphon Financial Partners LLC increased its stake in International Business Machines by 6.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after buying an additional 147 shares during the period. TrinityPoint Wealth LLC increased its stake in International Business Machines by 12.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company’s stock valued at $639,000 after buying an additional 428 shares during the period. Finally, Clearbridge Investments LLC increased its stake in International Business Machines by 32.7% in the 4th quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company’s stock valued at $7,467,000 after buying an additional 11,247 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IBM. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Royal Bank of Canada boosted their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. UBS Group upped their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. Finally, The Goldman Sachs Group started coverage on shares of International Business Machines in a research note on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $188.60.

International Business Machines Price Performance

International Business Machines stock opened at $217.18 on Tuesday. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $217.90. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm’s 50-day simple moving average is $193.62 and its 200 day simple moving average is $183.60. The firm has a market capitalization of $200.06 billion, a PE ratio of 24.60, a P/E/G ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the firm earned $2.18 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.08%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

International Business Machines Company Profile

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.