New Potomac Partners LLC Takes $406,000 Position in International Business Machines Co. (NYSE:IBM)

New Potomac Partners LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBMFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,485 shares of the technology company’s stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its holdings in International Business Machines by 98,797.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after acquiring an additional 11,017,849 shares in the last quarter. Norges Bank bought a new stake in International Business Machines in the fourth quarter worth $876,014,000. Morgan Stanley lifted its holdings in shares of International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of International Business Machines by 35.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after purchasing an additional 1,163,790 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after purchasing an additional 1,105,170 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.1 %

International Business Machines stock opened at $190.96 on Friday. 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 business’s 50-day simple moving average is $187.66 and its two-hundred day simple moving average is $164.65. The company has a market cap of $175.06 billion, a PE ratio of 23.49, a PEG ratio of 3.74 and a beta of 0.70. 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:IBMGet Free Report) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping 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 the consensus estimate of $17.29 billion. During the same quarter in the prior year, the business earned $3.60 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. Equities analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s payout ratio is 81.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on IBM. Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. 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. Finally, BMO Capital Markets raised their price objective on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. One analyst has 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $176.85.

Read Our Latest Analysis on International Business Machines

About International Business Machines

(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.

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

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