Lincoln Capital LLC Purchases New Stake in International Business Machines Co. (NYSE:IBM)

Lincoln Capital LLC purchased a new stake in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,312 shares of the technology company’s stock, valued at approximately $215,000.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC purchased a new stake in International Business Machines during the second quarter worth $28,000. Live Oak Investment Partners purchased a new stake in International Business Machines during the fourth quarter worth $30,000. Briaud Financial Planning Inc purchased a new stake in International Business Machines during the third quarter worth $31,000. Stone House Investment Management LLC boosted its position 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 worth $32,000 after purchasing an additional 204 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. raised its holdings 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 acquiring an additional 91 shares during the last quarter. 56.16% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.3 %

IBM traded up $0.62 on Monday, reaching $191.69. The company’s stock had a trading volume of 5,394,602 shares, compared to its average volume of 5,370,031. The stock has a market cap of $175.73 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.79 and a beta of 0.70. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. 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 business’s 50 day moving average is $182.99 and its 200 day moving average is $162.15.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.60 earnings per share. As a group, research analysts forecast that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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. This represents a $6.64 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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. BMO Capital Markets boosted their price target on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Royal Bank of Canada boosted their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price 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 issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $176.85.

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.