Vista Investment Partners LLC Has $2.02 Million Stake in International Business Machines Corporation $IBM

Vista Investment Partners LLC grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 862.4% in the third quarter, HoldingsChannel.com reports. The fund owned 7,141 shares of the technology company’s stock after acquiring an additional 6,399 shares during the quarter. Vista Investment Partners LLC’s holdings in International Business Machines were worth $2,015,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Family CFO Inc acquired a new stake in International Business Machines during the second quarter worth approximately $25,000. Winnow Wealth LLC acquired a new position in International Business Machines in the second quarter valued at approximately $27,000. Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Highline Wealth Partners LLC grew its position in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the period. Finally, Copia Wealth Management increased its stake in shares of International Business Machines by 57.6% in the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after acquiring an additional 49 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 0.2%

Shares of NYSE IBM opened at $304.40 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a 50-day moving average price of $303.14 and a 200-day moving average price of $280.60. The stock has a market capitalization of $284.53 billion, a P/E ratio of 36.41, a P/E/G ratio of 3.03 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IBM shares. Oppenheimer assumed coverage on shares of International Business Machines in a research note on Friday, November 21st. They set an “outperform” rating and a $360.00 target price on the stock. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Morgan Stanley reduced their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Finally, Erste Group Bank raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.