Certuity LLC Grows Stake in International Business Machines Co. (NYSE:IBM)

Certuity LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,883 shares of the technology company’s stock after purchasing an additional 126 shares during the period. Certuity LLC’s holdings in International Business Machines were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Naples Money Management LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at $28,000. Briaud Financial Planning Inc bought a new stake in International Business Machines in the 3rd quarter valued at about $31,000. Stone House Investment Management LLC lifted its holdings in 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 valued at $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. increased its stake in shares of International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Cordant Inc. raised its position in shares of International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after purchasing an additional 226 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $164.36 on Thursday. The company’s fifty day moving average is $186.54 and its 200 day moving average is $170.87. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The stock has a market cap of $150.68 billion, a PE ratio of 18.61, a PEG ratio of 4.08 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the company posted $1.36 EPS. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts anticipate that International Business Machines Co. will post 9.94 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a $1.67 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 4.06%. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. Sanford C. Bernstein lifted their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. BMO Capital Markets decreased their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Societe Generale reissued a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Finally, Morgan Stanley decreased their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $181.29.

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.