Sapient Capital LLC Increases Stake in International Business Machines Co. (NYSE:IBM)

Sapient Capital LLC grew its stake in International Business Machines Co. (NYSE:IBM) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,832 shares of the technology company’s stock after buying an additional 82 shares during the quarter. Sapient Capital LLC’s holdings in International Business Machines were worth $623,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IBM. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of International Business Machines by 29.8% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,223 shares of the technology company’s stock valued at $270,000 after buying an additional 281 shares during the period. Redhawk Wealth Advisors Inc. purchased a new stake in International Business Machines during the third quarter worth approximately $218,000. Procyon Advisors LLC lifted its stake in International Business Machines by 82.0% during the third quarter. Procyon Advisors LLC now owns 6,993 shares of the technology company’s stock worth $1,546,000 after purchasing an additional 3,151 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in International Business Machines by 59.2% during the third quarter. Fiduciary Alliance LLC now owns 2,643 shares of the technology company’s stock worth $584,000 after purchasing an additional 983 shares during the last quarter. Finally, CX Institutional lifted its stake in International Business Machines by 6.0% during the third quarter. CX Institutional now owns 6,982 shares of the technology company’s stock worth $1,544,000 after purchasing an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. UBS Group boosted their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday. They set an “outperform” rating and a $320.00 target price for the company. Bank of America boosted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Trading Up 2.2 %

NYSE:IBM opened at $254.85 on Wednesday. The firm has a market cap of $235.65 billion, a P/E ratio of 39.76, a PEG ratio of 5.57 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock’s 50 day simple moving average is $230.19 and its 200-day simple moving average is $217.78. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

International Business Machines Company 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.