Uncommon Cents Investing LLC Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Uncommon Cents Investing LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 28.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,683 shares of the technology company’s stock after purchasing an additional 1,703 shares during the quarter. Uncommon Cents Investing LLC’s holdings in International Business Machines were worth $1,257,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Lockerman Financial Group Inc. purchased a new stake in International Business Machines in the fourth quarter valued at $206,000. Terra Nova Asset Management LLC raised its holdings in International Business Machines by 84.0% in the 4th quarter. Terra Nova Asset Management LLC now owns 6,643 shares of the technology company’s stock valued at $1,087,000 after buying an additional 3,033 shares during the period. Francis Financial Inc. lifted its position in International Business Machines by 8.2% in the fourth quarter. Francis Financial Inc. now owns 2,642 shares of the technology company’s stock valued at $432,000 after buying an additional 201 shares during the last quarter. Ritholtz Wealth Management boosted its stake in International Business Machines by 2.5% during the fourth quarter. Ritholtz Wealth Management now owns 9,709 shares of the technology company’s stock worth $1,588,000 after buying an additional 233 shares during the period. Finally, Lincoln Capital Corp acquired a new stake in shares of International Business Machines during the fourth quarter valued at about $223,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.1 %

Shares of NYSE:IBM opened at $190.96 on Friday. The company has a market cap of $175.06 billion, a PE ratio of 23.49, a P/E/G ratio of 3.74 and a beta of 0.70. The company’s 50 day moving average is $186.79 and its two-hundred day moving average is $164.17. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.60 earnings per share. Equities analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm 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. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Royal Bank of Canada raised their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Societe Generale reissued a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $176.85.

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.