Sivia Capital Partners LLC Grows Stake in International Business Machines Co. (NYSE:IBM)

Sivia Capital Partners LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,454 shares of the technology company’s stock after purchasing an additional 90 shares during the quarter. Sivia Capital Partners LLC’s holdings in International Business Machines were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines in the first quarter worth approximately $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines during the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in shares of International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Finally, UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $185.93.

International Business Machines Stock Down 0.8 %

IBM stock opened at $200.87 on Friday. The business’s 50-day moving average price is $189.52 and its 200-day moving average price is $182.51. The stock has a market cap of $184.52 billion, a P/E ratio of 22.75, a PEG ratio of 4.50 and a beta of 0.71. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $205.95. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 earnings per share. On average, equities research analysts forecast that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.33%. International Business Machines’s payout ratio is presently 75.65%.

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.