71 West Capital Partners Makes New $729,000 Investment in International Business Machines Corporation $IBM

71 West Capital Partners bought a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,462 shares of the technology company’s stock, valued at approximately $729,000.

Several other hedge funds have also recently modified their holdings of IBM. Brighton Jones LLC lifted its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of International Business Machines by 10.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock worth $571,000 after buying an additional 186 shares in the last quarter. Jump Financial LLC bought a new position in shares of International Business Machines during the 2nd quarter worth approximately $211,000. Ieq Capital LLC lifted its position in shares of International Business Machines by 2.2% during the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after buying an additional 843 shares in the last quarter. Finally, Vivaldi Capital Management LP lifted its position in shares of International Business Machines by 11.6% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock worth $300,000 after buying an additional 106 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of research reports. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a report on Friday, May 22nd. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen cut shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley lifted their price target on shares of International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Barclays initiated coverage on shares of International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines Trading Down 1.5%

NYSE:IBM opened at $268.19 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $252.07 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The firm’s 50 day moving average is $250.42 and its 200 day moving average is $269.84. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same period in the previous year, the business earned $1.60 EPS. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts expect that International Business Machines Corporation will post 12.38 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

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.