Xponance Inc. Grows Stake in International Business Machines Co. (NYSE:IBM)

Xponance Inc. boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,641 shares of the technology company's stock after purchasing an additional 8,597 shares during the quarter. Xponance Inc.'s holdings in International Business Machines were worth $19,894,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new position in shares of International Business Machines during the second quarter worth approximately $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $30,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines during the third quarter worth approximately $31,000. Stone House Investment Management LLC lifted its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock worth $32,000 after buying an additional 204 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its holdings in shares of International Business Machines by 67.9% during the third 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. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets upped their price target on International Business Machines from $155.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on International Business Machines in a research report on Friday, January 5th. They issued a "hold" rating and a $180.00 target price for the company. Sanford C. Bernstein raised their target price on 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. Stifel Nicolaus reaffirmed a "buy" rating and issued a $190.00 target price on shares of International Business Machines in a research report on Wednesday. Finally, Societe Generale reaffirmed a "sell" rating and issued a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $178.67.

International Business Machines Price Performance

Shares of NYSE IBM traded down $1.66 during midday trading on Thursday, reaching $181.44. 2,886,449 shares of the company traded hands, compared to its average volume of 4,803,908. The firm has a market cap of $166.33 billion, a PE ratio of 22.32, a PEG ratio of 3.60 and a beta of 0.70. The stock's 50-day simple moving average is $188.56 and its 200-day simple moving average is $168.63. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to analysts' expectations of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business's revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $3.60 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. International Business Machines's dividend payout ratio (DPR) is presently 81.67%.

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.