Inscription Capital LLC Purchases Shares of 8,440 International Business Machines Co. (NYSE:IBM)

Inscription Capital LLC acquired a new position in shares of International Business Machines Co. (NYSE:IBM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,440 shares of the technology company’s stock, valued at approximately $2,099,000.

A number of other large investors have also made changes to their positions in the stock. JBR Co Financial Management Inc raised its holdings in International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 40 shares in the last quarter. Wealth Dimensions Group Ltd. increased its position in shares of International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock valued at $873,000 after purchasing an additional 40 shares during the period. Pallas Capital Advisors LLC raised its stake in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after purchasing an additional 42 shares in the last quarter. Schechter Investment Advisors LLC lifted its position in International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock worth $1,396,000 after purchasing an additional 43 shares during the period. Finally, Titleist Asset Management LLC boosted its stake in International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock worth $315,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IBM shares. UBS Group restated a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America increased their price target on shares of International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Royal Bank of Canada lifted their price objective on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Citigroup reissued an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Morgan Stanley decreased their price target on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $250.31.

International Business Machines Trading Up 1.6%

Shares of NYSE IBM opened at $281.66 on Tuesday. International Business Machines Co. has a 1-year low of $167.50 and a 1-year high of $284.50. The company has a 50-day moving average of $253.83 and a two-hundred day moving average of $244.28. The company has a market cap of $261.77 billion, a PE ratio of 43.94, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. During the same quarter in the previous year, the company posted $1.68 EPS. International Business Machines’s revenue was up .5% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.39%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is 115.66%.

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.