Warburton Capital Management LLC Acquires New Position in International Business Machines Corporation (NYSE:IBM)

Key Points

• Warburton Capital Management LLC purchased 1,108 shares of International Business Machines Corporation (IBM), worth approximately $275,000, marking a new investment position for the firm in the first quarter.
• Several other institutional investors have also recently acquired stakes in IBM, contributing to a total institutional ownership of 58.96% of the company's stock.
• The consensus rating for IBM is currently classified as a "Moderate Buy" with an average target price of $268.75 following various analysts' upgrades and downgrades.

Warburton Capital Management LLC purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,108 shares of the technology company's stock, valued at approximately $275,000.

Several other hedge funds have also bought and sold shares of the stock. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the first quarter worth $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines during the fourth quarter worth $43,000. Park Square Financial Group LLC purchased a new stake in International Business Machines in the 4th quarter valued at about $43,000. Finally, Mascagni Wealth Management Inc. bought a new position in International Business Machines in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 0.9%

International Business Machines stock traded down $2.37 during mid-day trading on Thursday, hitting $249.91. The company had a trading volume of 6,248,903 shares, compared to its average volume of 5,738,299. The stock has a market cap of $232.26 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 3.89 and a beta of 0.69. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 1 year low of $187.00 and a 1 year high of $296.16. The business has a fifty day moving average of $276.48 and a 200 day moving average of $257.89.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 earnings per share. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IBM shares. The Goldman Sachs Group raised their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Royal Bank Of Canada boosted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Bank of America lowered their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Finally, BMO Capital Markets upped their price target on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, International Business Machines presently has an average rating of "Moderate Buy" and an average target price of $268.75.

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.