Single Point Partners LLC Takes $206,000 Position in International Business Machines Co. (NYSE:IBM)

Single Point Partners LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBMFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,257 shares of the technology company’s stock, valued at approximately $206,000.

Other institutional investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in International Business Machines by 97.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after purchasing an additional 127,093 shares in the last quarter. Roundview Capital LLC purchased a new stake in International Business Machines during the 1st quarter worth about $203,000. Sei Investments Co. lifted its holdings in International Business Machines by 35.7% during the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock worth $23,157,000 after purchasing an additional 46,756 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in International Business Machines by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock worth $12,438,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in International Business Machines by 1.5% during the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock worth $49,698,000 after purchasing an additional 5,506 shares in the last quarter. Hedge funds and other institutional investors own 56.16% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock traded up $0.61 during trading on Wednesday, hitting $193.95. 3,237,112 shares of the stock traded hands, compared to its average volume of 5,330,355. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The stock has a market cap of $177.80 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.76 and a beta of 0.70. The firm’s fifty day moving average is $183.66 and its 200-day moving average is $162.47. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.60 EPS. Research analysts expect that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors 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 annualized dividend and a yield of 3.42%. International Business Machines’s payout ratio is 81.67%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Stifel Nicolaus raised their price target on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Sanford C. Bernstein raised their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, Societe Generale reaffirmed a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $176.85.

Check Out Our Latest Stock Report on IBM

International Business Machines Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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