GW Henssler & Associates Ltd. acquired a new placement in International Small business Machines Co. (NYSE:IBM – Get Rating) in the fourth quarter, according to the corporation in its most modern submitting with the Securities & Exchange Fee. The institutional trader acquired 2,961 shares of the technological know-how company’s inventory, valued at around $396,000.
Quite a few other institutional investors and hedge cash also just lately additional to or lessened their stakes in IBM. Simon Quick Advisors LLC grew its stake in Worldwide Small business Machines by 61.3% during the 3rd quarter. Simon Rapid Advisors LLC now owns 263 shares of the technological know-how company’s stock valued at $36,000 just after obtaining an added 100 shares in the past quarter. Consolidated Organizing Corp acquired a new stake in Intercontinental Business Devices through the 3rd quarter valued at about $50,000. Carderock Funds Administration Inc. bought a new stake in International Business enterprise Machines all through the 3rd quarter valued at about $53,000. Destiny Wealth Associates LLC obtained a new stake in Worldwide Small business Devices throughout the 3rd quarter valued at about $59,000. Lastly, Paragon Cash Administration Ltd purchased a new stake in Intercontinental Business Devices for the duration of the 4th quarter valued at about $75,000. Hedge cash and other institutional traders have 54.91% of the company’s stock.
Worldwide Company Equipment stock traded up $.13 all through trading on Friday, reaching $130.15. The business had a investing quantity of 4,012,373 shares, in contrast to its average volume of 5,498,364. Intercontinental Business Machines Co. has a 12-thirty day period very low of $114.56 and a 12-thirty day period superior of $152.84. The stock’s 50 day transferring ordinary selling price is $129.25 and its two-hundred working day going regular selling price is $129.53. The agency has a market place capitalization of $117.05 billion, a price tag-to-earnings ratio of 20.50, a PEG ratio of 1.21 and a beta of 1.10. The company has a credit card debt-to-fairness ratio of 2.36, a rapid ratio of .83 and a latest ratio of .88.
Intercontinental Enterprise Equipment (NYSE:IBM – Get Score) previous posted its earnings effects on Monday, January 24th. The technology corporation described $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($.04). The company experienced revenue of $16.70 billion for the quarter, compared to analyst estimates of $15.96 billion. International Business enterprise Devices experienced a return on fairness of 42.49% and a internet margin of 8.11%. The company’s income for the quarter was up 6.5% on a 12 months-around-calendar year foundation. In the course of the very same interval in the preceding year, the agency posted $2.07 earnings for every share. As a team, research analysts anticipate that Intercontinental Enterprise Machines Co. will write-up 10.09 earnings for each share for the present-day year.
The small business also a short while ago announced a quarterly dividend, which was paid out on Thursday, March 10th. Buyers of document on Friday, February 11th were being supplied a $1.64 dividend. The ex-dividend date of this dividend was Thursday, February 10th. This represents a $6.56 dividend on an annualized basis and a yield of 5.04%. International Company Machines’s dividend payout ratio is presently 103.31%.
Various investigation firms have recently weighed in on IBM. BMO Money Marketplaces increased their price tag goal on shares of Global Enterprise Machines from $153.00 to $155.00 and gave the firm a “market perform” rating in a analysis observe on Tuesday, January 25th. The Goldman Sachs Team commenced coverage on shares of Intercontinental Enterprise Devices in a investigation notice on Sunday, January 9th. They issued a “neutral” ranking and a $140.00 price goal for the organization. UBS Group diminished their value aim on shares of Intercontinental Company Equipment from $124.00 to $118.00 in a report on Tuesday, January 25th. Zacks Expenditure Exploration upgraded shares of Intercontinental Small business Equipment from a “sell” rating to a “hold” ranking and established a $132.00 price tag goal on the stock in a report on Friday, December 17th. Lastly, StockNews.com commenced protection on shares of Worldwide Organization Devices in a report on Thursday. They issued a “buy” rating on the inventory. One particular analyst has rated the inventory with a offer ranking, six have specified a keep ranking and five have issued a get ranking to the company’s stock. In accordance to MarketBeat.com, Worldwide Company Equipment has an normal ranking of “Hold” and an typical cost concentrate on of $146.45.
Intercontinental Small business Machines Company Profile (Get Rating)
Intercontinental Business enterprise Equipment Company offers integrated options and companies globally. The organization operates by means of four business enterprise segments: Software package, Consulting, Infrastructure, and Financing. The Software package section gives hybrid cloud system and software program methods, these as Purple Hat, an business open up-source remedies computer software for enterprise automation, AIOps and administration, integration, and application servers information and artificial intelligence answers and security application and companies for risk, facts, and identity.
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