Atlas Capital Advisors Inc. Takes Position in International Business Machines Corporation $IBM

Atlas Capital Advisors Inc. bought a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,841 shares of the technology company’s stock, valued at approximately $3,507,000.

Other hedge funds have also added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $25,000. Family CFO Inc acquired a new stake in International Business Machines during the 4th quarter worth approximately $25,000. Joseph Group Capital Management acquired a new stake in International Business Machines during the 4th quarter worth approximately $28,000. SWAN Capital LLC acquired a new stake in International Business Machines during the 3rd quarter worth approximately $28,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in International Business Machines during the 4th quarter worth approximately $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and raised their price target for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Oppenheimer lowered their price target on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Finally, Jefferies Financial Group lowered their price target on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.17.

International Business Machines Price Performance

IBM opened at $271.77 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The company has a market capitalization of $255.43 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 2.82 and a beta of 0.67. The firm’s fifty day moving average price is $250.02 and its two-hundred day moving average price is $270.34. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. As a group, analysts anticipate that International Business Machines Corporation will post 12.38 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

About International Business Machines

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.