8,813 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Wynn Capital LLC

Wynn Capital LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, Holdings Channel.com reports. The fund purchased 8,813 shares of the technology company’s stock, valued at approximately $1,441,000. International Business Machines makes up approximately 1.2% of Wynn Capital LLC’s portfolio, making the stock its 26th largest position.

A number of other institutional investors also recently modified their holdings of IBM. Naples Money Management LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at about $28,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines during the third quarter valued at approximately $31,000. Stone House Investment Management LLC increased its position in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. increased its position in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Finally, Cordant Inc. increased its position in International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several research analyst reports. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Royal Bank of Canada boosted their price target on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. UBS Group boosted their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday. Sanford C. Bernstein lifted their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $177.23.

International Business Machines Trading Up 1.0 %

Shares of NYSE:IBM traded up $1.82 during trading on Wednesday, reaching $184.01. The company’s stock had a trading volume of 7,569,395 shares, compared to its average volume of 4,806,687. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The stock has a market capitalization of $168.69 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The firm’s 50 day simple moving average is $188.35 and its two-hundred day simple moving average is $169.88.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. On average, research analysts predict that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.61%. International Business Machines’s payout ratio is currently 81.67%.

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.