International Business Machines Co. (NYSE:IBM) Stock Holdings Lifted by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC lifted its holdings in International Business Machines Co. (NYSE:IBM) by 25.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,632 shares of the technology company’s stock after purchasing an additional 2,144 shares during the period. International Business Machines comprises approximately 1.7% of Terra Nova Asset Management LLC’s portfolio, making the stock its 25th largest holding. Terra Nova Asset Management LLC’s holdings in International Business Machines were worth $2,351,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IBM. Syon Capital LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $220,000. Creekmur Asset Management LLC bought a new stake in shares of International Business Machines in the 4th quarter worth about $29,000. Kapitalo Investimentos Ltda lifted its position in International Business Machines by 309.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,452 shares of the technology company’s stock worth $237,000 after buying an additional 1,097 shares in the last quarter. Cullen Investment Group LTD. lifted its position in International Business Machines by 21.3% during the 1st quarter. Cullen Investment Group LTD. now owns 3,642 shares of the technology company’s stock valued at $688,000 after purchasing an additional 639 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in International Business Machines by 149.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 204,709 shares of the technology company’s stock valued at $39,091,000 after purchasing an additional 122,764 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 0.5 %

NYSE:IBM traded down $1.06 during trading hours on Wednesday, reaching $231.90. 348,616 shares of the stock were exchanged, compared to its average volume of 4,176,359. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $237.37. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $213.02 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 5.21 and a beta of 0.70. The business has a 50-day moving average of $209.64 and a two-hundred day moving average of $188.23.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the company earned $2.18 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.88%. International Business Machines’s dividend payout ratio is presently 75.65%.

Analyst Ratings Changes

A number of analysts recently issued reports on IBM shares. Bernstein Bank increased their target price on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. BMO Capital Markets boosted their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Evercore ISI upped their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $200.82.

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.