International Business Machines Co. (NYSE:IBM) Shares Bought by Xponance Inc.

Xponance Inc. increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,641 shares of the technology company’s stock after buying an additional 8,597 shares during the quarter. Xponance Inc.’s holdings in International Business Machines were worth $19,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Planning Group LLC bought a new position in shares of International Business Machines in the second quarter worth about $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines in the 4th quarter valued at $30,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines in the 3rd quarter valued at $31,000. PCA Investment Advisory Services Inc. bought a new stake in shares of International Business Machines in the 2nd quarter valued at $31,000. Finally, Stone House Investment Management LLC increased its holdings in International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.9 %

Shares of NYSE:IBM traded down $1.63 during midday trading on Thursday, hitting $181.47. 2,885,877 shares of the company’s stock were exchanged, compared to its average volume of 4,803,901. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a 50 day moving average price of $188.61 and a 200-day moving average price of $168.54. The company has a market cap of $166.36 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.70. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18.

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

International Business Machines Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is currently 81.67%.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. BMO Capital Markets increased their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $178.67.

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.