Alpha Paradigm Partners LLC Invests $445,000 in International Business Machines Co. (NYSE:IBM)

Alpha Paradigm Partners LLC acquired a new position in International Business Machines Co. (NYSE:IBM – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,745 shares of the technology company’s stock, valued at approximately $445,000.

Other institutional investors have also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in International Business Machines during the third quarter valued at approximately $36,000. McClarren Financial Advisors Inc. purchased a new position in International Business Machines during the third quarter valued at approximately $38,000. Ten Capital Wealth Advisors LLC grew its holdings in International Business Machines by 352.5% in the third quarter. Ten Capital Wealth Advisors LLC now owns 362 shares of the technology company’s stock valued at $43,000 after purchasing an additional 282 shares during the period. Heritage Wealth Management LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $47,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in International Business Machines in the third quarter valued at approximately $50,000. 55.90% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

NYSE IBM opened at $124.65 on Wednesday. The stock’s fifty day moving average is $135.76 and its two-hundred day moving average is $135.28. The firm has a market capitalization of $113.07 billion, a P/E ratio of 70.82, a price-to-earnings-growth ratio of 3.24 and a beta of 0.85. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.87 and a current ratio of 0.92. International Business Machines Co. has a fifty-two week low of $115.54 and a fifty-two week high of $153.21.

International Business Machines (NYSE:IBM – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The technology company reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $3.61 by ($0.01). International Business Machines had a return on equity of 41.24% and a net margin of 2.71%. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.38 billion. During the same period last year, the firm posted $3.35 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that International Business Machines Co. will post 9.46 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 10th were given a $1.65 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $6.60 dividend on an annualized basis and a yield of 5.29%. International Business Machines’s dividend payout ratio is currently 375.00%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on International Business Machines from $148.00 to $143.00 in a report on Thursday, January 26th. BMO Capital Markets raised their price objective on International Business Machines from $148.00 to $155.00 and gave the company a “market perform” rating in a report on Thursday, January 26th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Thursday, January 26th. Stifel Nicolaus raised their price objective on International Business Machines from $140.00 to $158.00 and gave the company a “buy” rating in a report on Monday, January 23rd. Finally, Evercore ISI lifted their price target on International Business Machines from $135.00 to $150.00 in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.73.

International Business Machines Company Profile

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International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure and modernize their environments.