International Business Machines Co. (NYSE:IBM) Stock Holdings Lifted by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 31.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,245 shares of the technology company’s stock after acquiring an additional 539 shares during the period. Fidelis Capital Partners LLC’s holdings in International Business Machines were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IBM. Vanguard Group Inc. grew its position in International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. Morgan Stanley grew its position in International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after purchasing an additional 3,084,458 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after purchasing an additional 1,105,170 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after purchasing an additional 11,017,849 shares in the last quarter. Finally, Northern Trust Corp grew its position in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after purchasing an additional 404,948 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on IBM shares. BMO Capital Markets boosted their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Bank of America boosted their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada boosted their price target on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 price target on the stock. Finally, Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. One research 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 data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $178.67.

International Business Machines Stock Up 0.1 %

International Business Machines stock opened at $181.63 on Friday. The firm has a market cap of $166.51 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The firm has a fifty day moving average price of $188.46 and a two-hundred day moving average price of $168.91.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.60 EPS. As a group, analysts forecast that International Business Machines Co. will post 10.04 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is 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.