Terra Nova Asset Management LLC Purchases 3,033 Shares of International Business Machines Co. (NYSE:IBM)

Terra Nova Asset Management LLC lifted its holdings in International Business Machines Co. (NYSE:IBM) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,643 shares of the technology company’s stock after buying an additional 3,033 shares during the quarter. Terra Nova Asset Management LLC’s holdings in International Business Machines were worth $1,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in shares of International Business Machines by 98,797.1% in 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 during the period. Norges Bank bought a new position in International Business Machines in the fourth quarter worth about $876,014,000. Morgan Stanley lifted its position in shares of International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after buying an additional 3,084,458 shares during the last quarter. BlackRock Inc. raised its stake in shares of International Business Machines by 3.5% during the 2nd quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock worth $9,907,942,000 after acquiring an additional 2,483,682 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in International Business Machines by 35.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after acquiring an additional 1,163,790 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.1 %

Shares of IBM stock opened at $190.96 on Friday. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a market cap of $175.06 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 3.74 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. The stock has a 50 day simple moving average of $186.79 and a 200-day simple moving average of $164.17.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data 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 company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 earnings per share. On average, equities research analysts expect that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s payout ratio is currently 81.67%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBM. BMO Capital Markets boosted their target price on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Bank of America upped their price objective 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. Societe Generale reissued a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Sanford C. Bernstein lifted their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $176.85.

International Business Machines 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.