Watershed Asset Management L.L.C. Makes New Investment in International Business Machines Co. (NYSE:IBM)

Watershed Asset Management L.L.C. bought a new position in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,746 shares of the technology company’s stock, valued at approximately $286,000.

Other hedge funds have also added to or reduced their stakes in the company. Naples Money Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines in the 3rd quarter worth approximately $31,000. Stone House Investment Management LLC lifted its position in shares of International Business Machines by 971.4% in the 3rd 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 during the period. Financial Gravity Asset Management Inc. lifted its position in shares of International Business Machines by 67.9% in the 3rd 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 during the period. Finally, Cordant Inc. lifted its position in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IBM shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein increased their target price on shares of 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. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $177.23.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $0.29 during midday trading on Tuesday, reaching $182.19. The company had a trading volume of 5,921,450 shares, compared to its average volume of 4,773,702. The business’s 50-day simple moving average is $188.35 and its 200 day simple moving average is $169.88. The stock has a market cap of $167.02 billion, a P/E ratio of 22.41, a P/E/G ratio of 3.57 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 current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $3.60 earnings per share. On average, analysts forecast that International Business Machines Co. will post 10.04 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.64%. International Business Machines’s payout ratio is currently 81.67%.

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.