NavPoint Financial Inc. Makes New $204,000 Investment in International Business Machines Co. (NYSE:IBM)

NavPoint Financial Inc. acquired a new position in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,247 shares of the technology company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake in International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after purchasing an additional 80,474 shares during the last quarter. Natixis Advisors L.P. lifted its stake in International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after purchasing an additional 57,170 shares during the last quarter. Herold Advisors Inc. lifted its stake in International Business Machines by 3.2% in the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after purchasing an additional 688 shares during the last quarter. Tsfg LLC lifted its stake in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after purchasing an additional 109 shares during the last quarter. Finally, Auxano Advisors LLC lifted its stake in International Business Machines by 4.8% in the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after purchasing an additional 156 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Morgan Stanley lowered their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Wedbush boosted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. UBS Group boosted their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Finally, Bank of America boosted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $181.29.

International Business Machines Price Performance

IBM traded up $1.02 during trading on Friday, reaching $165.71. The stock had a trading volume of 3,400,405 shares, compared to its average volume of 4,768,629. The business has a 50-day moving average of $185.75 and a 200-day moving average of $171.01. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The stock has a market cap of $152.22 billion, a PE ratio of 18.77, a PEG ratio of 4.05 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period in the prior year, the business posted $1.36 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that International Business Machines Co. will post 9.92 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 4.03%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.