Capricorn Fund Managers Ltd Acquires Shares of 3,500 International Business Machines Co. (NYSE:IBM)

Capricorn Fund Managers Ltd bought a new position in shares of International Business Machines Co. (NYSE:IBM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,500 shares of the technology company’s stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. Live Oak Investment Partners bought a new stake in International Business Machines in the 4th quarter valued at $30,000. GW&K Investment Management LLC acquired a new position in shares of International Business Machines in the first quarter valued at about $33,000. First Command Advisory Services Inc. bought a new position in International Business Machines during the first quarter worth about $37,000. Kepos Capital LP bought a new stake in International Business Machines in the 4th quarter valued at about $42,000. Finally, Pacific Center for Financial Services acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 56.16% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $145.11 on Tuesday. The company has a market capitalization of $132.20 billion, a PE ratio of 67.18, a P/E/G ratio of 3.71 and a beta of 0.85. International Business Machines Co. has a fifty-two week low of $115.54 and a fifty-two week high of $153.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.01 and a current ratio of 1.06. The company has a 50 day simple moving average of $142.59 and a two-hundred day simple moving average of $133.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.18. The company had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.58 billion. International Business Machines had a net margin of 3.35% and a return on equity of 38.10%. International Business Machines’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 earnings per share. Research analysts anticipate that International Business Machines Co. will post 9.43 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a dividend of $1.66 per share. The ex-dividend date was Wednesday, August 9th. This represents a $6.64 annualized dividend and a yield of 4.58%. International Business Machines’s dividend payout ratio is currently 307.41%.

Analyst Ratings Changes

Several brokerages have weighed in on IBM. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Bank of America increased their price objective on shares of International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $140.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. JPMorgan Chase & Co. started coverage on shares of International Business Machines in a research report on Friday, July 7th. They set a “neutral” rating and a $145.00 price target on the stock. Finally, Morgan Stanley restated an “equal weight” rating and set a $135.00 target price on shares of International Business Machines in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average target price of $142.91.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.