Focus Financial Network Inc. Purchases 206 Shares of International Business Machines Co. (NYSE:IBM)

Focus Financial Network Inc. grew its position in International Business Machines Co. (NYSE:IBM) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,557 shares of the technology company’s stock after acquiring an additional 206 shares during the period. Focus Financial Network Inc.’s holdings in International Business Machines were worth $1,450,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Susquehanna Fundamental Investments LLC acquired a new stake in shares of International Business Machines in the 2nd quarter valued at $7,160,000. Smith Thornton Advisors LLC bought a new stake in shares of International Business Machines during the second quarter worth approximately $702,000. Retirement Planning Group LLC acquired a new position in International Business Machines in the third quarter valued at about $618,000. GAMMA Investing LLC boosted its holdings in International Business Machines by 42.4% during the second quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock worth $1,621,000 after buying an additional 2,788 shares during the last quarter. Finally, Anderson Hoagland & Co. bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $4,050,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBM. Jefferies Financial Group boosted their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. Bank of America lifted their target price on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley lowered their target price on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Finally, UBS Group raised their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus target price of $208.12.

International Business Machines Stock Up 0.7 %

Shares of NYSE IBM opened at $208.22 on Friday. The company’s 50 day moving average price is $216.84 and its 200-day moving average price is $191.24. International Business Machines Co. has a 52-week low of $144.84 and a 52-week high of $237.37. The company has a market capitalization of $191.80 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 4.28 and a beta of 0.70. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS. Equities analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

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.