Bond & Devick Financial Network Inc. Has $630,000 Position in International Business Machines Co. (NYSE:IBM)

Bond & Devick Financial Network Inc. lessened its position in International Business Machines Co. (NYSE:IBM) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,855 shares of the technology company’s stock after selling 100 shares during the period. Bond & Devick Financial Network Inc.’s holdings in International Business Machines were worth $630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. Cantor Fitzgerald Investment Advisor L.P grew its position in shares of International Business Machines by 97.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after acquiring an additional 127,093 shares during the period. Roundview Capital LLC bought a new position in shares of International Business Machines in the 1st quarter valued at about $203,000. Sei Investments Co. boosted its holdings in shares of International Business Machines by 35.7% during the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock worth $23,157,000 after buying an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in shares of International Business Machines by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock worth $12,438,000 after buying an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of International Business Machines by 1.5% during the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock worth $49,698,000 after buying an additional 5,506 shares during the period. Institutional investors own 56.16% of the company’s stock.

International Business Machines Trading Up 0.3 %

Shares of NYSE:IBM traded up $0.62 during trading on Monday, reaching $191.69. The stock had a trading volume of 5,394,602 shares, compared to its average volume of 5,370,031. The firm’s fifty day moving average is $182.99 and its 200 day moving average is $162.15. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The stock has a market cap of $175.73 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.79 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.60 earnings per share. As a group, equities analysts forecast that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. BMO Capital Markets lifted their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Bank of America lifted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $176.85.

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.