Moors & Cabot Inc. Boosts Position in International Business Machines Co. (NYSE:IBM)

Moors & Cabot Inc. lifted its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,927 shares of the technology company's stock after acquiring an additional 2,501 shares during the period. International Business Machines accounts for 0.8% of Moors & Cabot Inc.'s portfolio, making the stock its 21st largest position. Moors & Cabot Inc.'s holdings in International Business Machines were worth $15,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Arden Trust Co boosted its holdings in shares of International Business Machines by 2.8% during the first quarter. Arden Trust Co now owns 1,973 shares of the technology company's stock worth $377,000 after purchasing an additional 54 shares during the period. Armbruster Capital Management Inc. increased its position in International Business Machines by 2.3% during the second quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company's stock worth $432,000 after acquiring an additional 56 shares during the period. CVA Family Office LLC increased its holdings in International Business Machines by 3.3% in the 2nd quarter. CVA Family Office LLC now owns 1,796 shares of the technology company's stock valued at $311,000 after buying an additional 57 shares during the period. Chicago Partners Investment Group LLC increased its holdings in International Business Machines by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company's stock valued at $1,309,000 after buying an additional 58 shares during the period. Finally, Peddock Capital Advisors LLC increased its holdings in International Business Machines by 0.6% in the 2nd quarter. Peddock Capital Advisors LLC now owns 10,040 shares of the technology company's stock valued at $1,736,000 after buying an additional 58 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IBM. Jefferies Financial Group upped their price target on shares of International Business Machines from $190.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a research report on Friday, July 26th. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a report on Wednesday, September 4th. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They set a "buy" rating and a $200.00 price target for the company. Finally, StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $188.60.

International Business Machines Stock Down 1.4 %

Shares of NYSE IBM traded down $3.03 during midday trading on Tuesday, hitting $214.13. 5,366,039 shares of the stock traded hands, compared to its average volume of 4,232,301. The company has a market cap of $196.70 billion, a PE ratio of 24.21, a P/E/G ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a one year low of $135.87 and a one year high of $218.84. The business has a 50 day moving average price of $193.62 and a two-hundred day moving average price of $183.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the company posted $2.18 earnings per share. International Business Machines's revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines's payout ratio is 75.65%.

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.