Lion Street Advisors LLC Raises Stock Holdings in International Business Machines Corporation $IBM

Lion Street Advisors LLC grew its holdings in International Business Machines Corporation (NYSE:IBM) by 35.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,812 shares of the technology company’s stock after buying an additional 2,302 shares during the quarter. International Business Machines accounts for 0.8% of Lion Street Advisors LLC’s investment portfolio, making the stock its 18th largest position. Lion Street Advisors LLC’s holdings in International Business Machines were worth $2,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. CFS Investment Advisory Services LLC increased its holdings in International Business Machines by 0.4% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock worth $2,878,000 after acquiring an additional 34 shares in the last quarter. KPP Advisory Services LLC grew its position in shares of International Business Machines by 1.7% in the third quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock valued at $584,000 after purchasing an additional 34 shares during the period. Marco Investment Management LLC increased its stake in International Business Machines by 0.3% during the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock worth $3,040,000 after buying an additional 34 shares in the last quarter. MA Private Wealth raised its stake in International Business Machines by 1.5% in the 3rd quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock valued at $633,000 after purchasing an additional 34 shares during the last quarter. Finally, Ignite Planners LLC lifted its stake in shares of International Business Machines by 0.9% in the third quarter. Ignite Planners LLC now owns 4,000 shares of the technology company’s stock worth $1,129,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.4%

IBM stock opened at $257.20 on Friday. The company has a market cap of $240.41 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.69. The company has a fifty day moving average price of $294.08 and a 200 day moving average price of $284.00. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same period last year, the firm posted $3.92 EPS. International Business Machines’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s payout ratio is 60.27%.

Insider Buying and Selling

In related news, Director David N. Farr acquired 1,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was bought at an average cost of $304.00 per share, with a total value of $304,000.00. Following the transaction, the director owned 9,258 shares of the company’s stock, valued at $2,814,432. The trade was a 12.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IBM. Jefferies Financial Group upped their price objective on shares of International Business Machines from $360.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Dbs Bank upgraded shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a report on Monday, January 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $350.00 price objective on shares of International Business Machines in a research note on Thursday, January 29th. Stifel Nicolaus increased their target price on International Business Machines from $325.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Evercore boosted their target price on International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $330.07.

International Business Machines 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.