Pincus Capital Management LP Takes Position in International Business Machines Corporation $IBM

Pincus Capital Management LP purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,160 shares of the technology company’s stock, valued at approximately $1,232,000. International Business Machines accounts for about 0.8% of Pincus Capital Management LP’s portfolio, making the stock its 25th biggest position.

Several other hedge funds have also modified their holdings of IBM. Brighton Jones LLC grew its stake in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in International Business Machines by 10.6% in the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after acquiring an additional 186 shares during the last quarter. Jump Financial LLC bought a new position in International Business Machines in the second quarter valued at approximately $211,000. Ieq Capital LLC boosted its stake in International Business Machines by 2.2% in the second quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock valued at $11,383,000 after acquiring an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its stake in International Business Machines by 11.6% in the second quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock valued at $300,000 after acquiring an additional 106 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 7.3%

Shares of NYSE IBM opened at $319.67 on Tuesday. The company’s fifty day moving average is $241.55 and its 200-day moving average is $270.75. The stock has a market cap of $300.45 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 3.08 and a beta of 0.58. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $327.98. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $1.60 earnings per share. Equities research analysts predict that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $1.69 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines’s payout ratio is 59.77%.

International Business Machines News Summary

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Barclays initiated coverage on IBM with an Overweight rating and a $350 price target, saying the company’s enterprise software business has sticky revenue and still has room to run. IBM Stock Surges After Analyst “Overweight” Rating
• Positive Sentiment: IBM is benefiting from a broader software rebound after Nvidia’s Jensen Huang eased fears that AI will replace software companies, helping lift IBM alongside other tech names. Arm, IBM and Hewlett Packard soar as Nvidia chip ‘reinvention’ extends software rally
• Positive Sentiment: Investor enthusiasm is also being driven by IBM’s quantum-computing strategy, with reports highlighting major planned investments and positioning IBM as a potential winner in the next-generation computing race. IBM Bets $10 Billion on Quantum Computing as Race for Next-Generation Technology Intensifies
• Neutral Sentiment: IBM remains a highly watched stock after its rapid run-up, with some coverage noting that valuation is getting richer even as momentum stays strong. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued
• Negative Sentiment: Some analysts and valuation models suggest the stock may be overextended after its sharp rally, which could limit upside if investors start taking profits. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Oppenheimer reduced their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a research note on Friday, April 24th. HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and raised their price objective for the company from $218.00 to $231.00 in a research note on Tuesday, April 28th. Finally, Weiss Ratings cut shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $297.50.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.