International Business Machines Co. (NYSE:IBM) Position Boosted by Childress Capital Advisors LLC

Childress Capital Advisors LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 10.7% in the third quarter, Holdings Channel.com reports. The firm owned 2,161 shares of the technology company’s stock after acquiring an additional 209 shares during the quarter. Childress Capital Advisors LLC’s holdings in International Business Machines were worth $478,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IBM. FPC Investment Advisory Inc. purchased a new stake in International Business Machines in the 1st quarter worth approximately $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the first quarter worth $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines during the second quarter valued at $36,000. Wolff Wiese Magana LLC grew its stake in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after purchasing an additional 60 shares in the last quarter. Finally, Briaud Financial Planning Inc increased its position in International Business Machines by 54.3% in the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.2 %

IBM opened at $210.43 on Wednesday. The company has a market capitalization of $193.30 billion, a P/E ratio of 23.83, a P/E/G ratio of 4.84 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The firm’s fifty day moving average price is $216.23 and its two-hundred day moving average price is $190.85. International Business Machines Co. has a fifty-two week low of $142.58 and a fifty-two week high of $237.37.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. On average, analysts anticipate that International Business Machines Co. will post 10.13 EPS for the current year.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. BMO Capital Markets boosted their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Jefferies Financial Group boosted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Evercore ISI increased their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $208.12.

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.