3,346 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,346 shares of the technology company’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Naples Money Management LLC bought a new position in International Business Machines in the 4th quarter valued at $28,000. Briaud Financial Planning Inc bought a new position in International Business Machines in the 3rd quarter worth about $31,000. Stone House Investment Management LLC increased its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. boosted its stake in shares of International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Finally, Cordant Inc. boosted its stake in shares of International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after acquiring an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IBM shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. BMO Capital Markets dropped their price objective on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. 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 research report on Tuesday, April 23rd. Finally, Wedbush increased their price target on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $181.29.

International Business Machines Price Performance

Shares of IBM stock opened at $166.50 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $152.95 billion, a P/E ratio of 18.77, a P/E/G ratio of 4.08 and a beta of 0.74. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The stock has a 50 day moving average of $185.75 and a two-hundred day moving average of $171.44.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the firm earned $1.36 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts expect that International Business Machines Co. will post 9.92 EPS for the current 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 given a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 4.01%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is currently 75.20%.

About International Business Machines

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.