International Business Machines Co. (NYSE:IBM) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 31.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,245 shares of the technology company’s stock after acquiring an additional 539 shares during the quarter. Fidelis Capital Partners LLC’s holdings in International Business Machines were worth $367,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IBM. Cornerstone Planning Group LLC purchased a new stake in shares of International Business Machines during the 2nd quarter worth approximately $28,000. Live Oak Investment Partners purchased a new stake in International Business Machines in the 4th quarter valued at approximately $30,000. Briaud Financial Planning Inc purchased a new stake in International Business Machines in the 3rd quarter valued at approximately $31,000. PCA Investment Advisory Services Inc. purchased a new stake in International Business Machines in the 2nd quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC lifted its stake in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBM shares. BMO Capital Markets upped their target price 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. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Jefferies Financial Group initiated coverage on International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 target price on the stock. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Royal Bank of Canada increased their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Trading Up 0.1 %

IBM stock opened at $181.63 on Friday. The company has a market cap of $166.51 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 3.57 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The business has a fifty day simple moving average of $188.46 and a 200-day simple moving average of $168.91. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same period in the prior year, the firm earned $3.60 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.66%. International Business Machines’s dividend payout ratio is currently 81.67%.

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.