International Business Machines Co. (NYSE:IBM) Stock Holdings Raised by Sepio Capital LP

Sepio Capital LP increased its position in International Business Machines Co. (NYSE:IBM) by 43.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,902 shares of the technology company’s stock after purchasing an additional 879 shares during the period. Sepio Capital LP’s holdings in International Business Machines were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IBM. Naples Money Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. Stone House Investment Management LLC boosted its stake in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares during the period. Financial Gravity Asset Management Inc. raised its position in shares of International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Cordant Inc. lifted its holdings in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the last quarter. Finally, Newton One Investments LLC acquired a new stake in International Business Machines in the fourth quarter worth $45,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $0.22 during trading hours on Friday, hitting $170.89. 2,587,829 shares of the company’s stock traded hands, compared to its average volume of 4,034,857. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The company’s fifty day simple moving average is $179.12 and its two-hundred day simple moving average is $174.04. International Business Machines Co. has a 52 week low of $125.01 and a 52 week high of $199.18. The company has a market cap of $156.98 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 4.21 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 9.91 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.91%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group cut their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Bank of America raised their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, BNP Paribas assumed coverage on International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $181.29.

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.