Fiera Capital Corp acquired a new stake in International Business Machines Co. (NYSE:IBM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,311 shares of the technology company’s stock, valued at approximately $220,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Enhancement Group LLC lifted its position in shares of International Business Machines by 852.4% in the 4th quarter. Financial Enhancement Group LLC now owns 200 shares of the technology company’s stock worth $25,000 after purchasing an additional 179 shares during the period. Oxler Private Wealth LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth approximately $25,000. Better Money Decisions LLC purchased a new stake in shares of International Business Machines in the 1st quarter worth approximately $27,000. DB Wealth Management Group LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth approximately $29,000. Finally, Sage Private Wealth Group LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth approximately $31,000. 54.96% of the stock is owned by hedge funds and other institutional investors.
IBM has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of International Business Machines from $147.00 to $151.00 and gave the stock a “buy” rating in a research report on Tuesday, April 20th. Credit Suisse Group boosted their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 20th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $138.00 to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 20th. Finally, Morgan Stanley boosted their price objective on shares of International Business Machines from $150.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $146.00.
International Business Machines (NYSE:IBM) last released its quarterly earnings data on Sunday, April 18th. The technology company reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.14. The firm had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.35 billion. International Business Machines had a net margin of 7.28% and a return on equity of 36.67%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 earnings per share. Equities research analysts forecast that International Business Machines Co. will post 10.86 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Monday, May 10th were paid a $1.64 dividend. The ex-dividend date of this dividend was Friday, May 7th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 4.36%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.63. International Business Machines’s dividend payout ratio is presently 75.66%.
International Business Machines Profile
International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.
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