Highlander Capital Management LLC Raises Position in International Business Machines Co. (NYSE:IBM)

Highlander Capital Management LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,110 shares of the technology company’s stock after purchasing an additional 650 shares during the quarter. Highlander Capital Management LLC’s holdings in International Business Machines were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its position in shares of International Business Machines by 98,797.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after acquiring an additional 11,017,849 shares during the last quarter. Norges Bank purchased a new stake in shares of International Business Machines during the fourth quarter valued at approximately $876,014,000. Morgan Stanley increased its position 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 acquiring an additional 3,084,458 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after acquiring an additional 2,636,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position 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 acquiring an additional 1,163,790 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $189.15 on Friday. The stock has a market cap of $173.40 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 3.68 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. 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 $188.62 and a 200-day moving average of $166.15.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate 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 business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the previous year, the business earned $3.60 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Analysts Set New Price Targets

A number of analysts recently commented on IBM shares. Jefferies Financial Group started coverage on International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price target for the company. Societe Generale restated a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Stifel Nicolaus boosted their target price on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $176.85.

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.