Wynn Capital LLC Takes Position in International Business Machines Co. (NYSE:IBM)

Wynn Capital LLC purchased a new stake in International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,813 shares of the technology company’s stock, valued at approximately $1,441,000. International Business Machines comprises 1.2% of Wynn Capital LLC’s portfolio, making the stock its 26th biggest position.

A number of other institutional investors have also made changes to their positions in the company. Desjardins Global Asset Management Inc. lifted its holdings in International Business Machines by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after acquiring an additional 54 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in International Business Machines by 2.8% during the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after acquiring an additional 55 shares in the last quarter. Avion Wealth lifted its holdings in International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares in the last quarter. Northwest Capital Management Inc lifted its holdings in International Business Machines by 5.0% during the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after acquiring an additional 59 shares in the last quarter. Finally, Financial Security Advisor Inc. lifted its holdings in International Business Machines by 2.7% during the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after acquiring an additional 61 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. 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. Jefferies Financial Group cut their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday, April 17th. Finally, Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $177.23.

International Business Machines Stock Performance

NYSE IBM traded up $1.82 during trading on Wednesday, reaching $184.01. 7,569,395 shares of the company’s stock were exchanged, compared to its average volume of 4,806,687. The business has a 50 day moving average price of $188.35 and a 200-day moving average price of $169.88. The stock has a market capitalization of $168.69 billion, a P/E ratio of 22.56, a PEG ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data 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 39.55% and a net margin of 12.13%. The company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts forecast that International Business Machines Co. will post 10.04 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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