International Business Machines Co. (NYSE:IBM) Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 58,683 shares of the technology company’s stock after acquiring an additional 2,977 shares during the quarter. NewSquare Capital LLC’s holdings in International Business Machines were worth $9,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Vontobel Holding Ltd. lifted its holdings in shares of International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after buying an additional 80,474 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares during the period. Herold Advisors Inc. lifted its holdings in shares of International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after buying an additional 688 shares during the period. Tsfg LLC lifted its holdings in shares of International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after buying an additional 109 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $661,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday, April 17th. 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. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada boosted their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $177.23.

International Business Machines Price Performance

Shares of IBM stock traded up $0.29 during trading hours on Tuesday, reaching $182.19. The company had a trading volume of 5,921,450 shares, compared to its average volume of 4,773,702. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The stock has a fifty day moving average of $188.38 and a 200-day moving average of $169.59. The company has a market capitalization of $167.02 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.57 and a beta of 0.70. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the prior year, the firm posted $3.60 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts anticipate that International Business Machines Co. will post 10.04 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

International Business Machines 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.