Opinicus Capital Inc. Buys Shares of 2,979 International Business Machines Co. (NYSE:IBM)

Opinicus Capital Inc. bought a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,979 shares of the technology company’s stock, valued at approximately $487,000.

Other institutional investors have also added to or reduced their stakes in the company. Naples Money Management LLC bought a new position in shares of International Business Machines during the 4th quarter valued at $28,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines during the 3rd quarter valued at $31,000. Stone House Investment Management LLC lifted its holdings in shares of 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 valued at $32,000 after buying an additional 204 shares during the period. Financial Gravity Asset Management Inc. lifted its holdings in shares of International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares during the period. Finally, Cordant Inc. lifted its holdings in shares of International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after buying an additional 226 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IBM shares. Wedbush increased their price target on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada raised their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. decreased their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.08.

International Business Machines Price Performance

IBM stock traded down $1.78 during trading on Friday, reaching $167.13. The company’s stock had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $153.21 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 3.33 and a beta of 0.70. The company’s fifty day moving average is $187.60 and its 200-day moving average is $170.15.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the prior year, the business posted $1.36 EPS. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts expect that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. International Business Machines’s payout ratio is 75.20%.

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.