Louisbourg Investments Inc. Increases Stock Position in International Business Machines Co. (NYSE:IBM)

Louisbourg Investments Inc. increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 74.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 432 shares of the technology company’s stock after purchasing an additional 185 shares during the quarter. Louisbourg Investments Inc.’s holdings in International Business Machines were worth $95,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IBM. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of International Business Machines by 29.8% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,223 shares of the technology company’s stock worth $270,000 after purchasing an additional 281 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in shares of International Business Machines during the third quarter worth $218,000. Procyon Advisors LLC lifted its holdings in shares of 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 period. Fiduciary Alliance LLC lifted its holdings in shares of 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 period. Finally, CX Institutional lifted its holdings in shares of 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 period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets raised their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Bank of America lifted their price target 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. Finally, Sanford C. Bernstein lifted their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Stock Performance

Shares of IBM opened at $254.85 on Wednesday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a market cap of $235.65 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 5.57 and a beta of 0.76. The business’s 50 day moving average is $230.70 and its two-hundred day moving average is $218.22.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. Analysts forecast that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

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.