Hollencrest Capital Management Boosts Stake in International Business Machines Co. (NYSE:IBM)

Hollencrest Capital Management increased its holdings in International Business Machines Co. (NYSE:IBM) by 18.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,148 shares of the technology company’s stock after purchasing an additional 180 shares during the quarter. Hollencrest Capital Management’s holdings in International Business Machines were worth $154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P increased its holdings in International Business Machines by 97.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after acquiring an additional 127,093 shares in the last quarter. Roundview Capital LLC acquired a new position in shares of International Business Machines during the first quarter valued at approximately $203,000. Sei Investments Co. raised its holdings in shares of International Business Machines by 35.7% during the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after acquiring an additional 46,756 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of International Business Machines by 1.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of International Business Machines by 1.5% during the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock worth $49,698,000 after purchasing an additional 5,506 shares in the last quarter. 56.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IBM shares. Wedbush restated a “neutral” rating and issued a $140.00 price objective on shares of International Business Machines in a report on Monday, November 13th. Morgan Stanley dropped their price target on International Business Machines from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Royal Bank of Canada lowered their price objective on International Business Machines from $188.00 to $179.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, BMO Capital Markets raised their target price on International Business Machines from $152.00 to $155.00 and gave the stock a “market perform” rating in a research note on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $149.09.

International Business Machines Trading Down 0.1 %

NYSE IBM opened at $152.89 on Friday. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $153.50. The stock has a market capitalization of $139.61 billion, a P/E ratio of 20.28, a PEG ratio of 4.16 and a beta of 0.76. The firm’s 50-day moving average is $144.33 and its two-hundred day moving average is $138.86. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.91 and a quick ratio of 0.86.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.08. The firm had revenue of $14.75 billion during the quarter, compared to analysts’ expectations of $14.73 billion. International Business Machines had a net margin of 11.32% and a return on equity of 38.51%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.81 EPS. On average, sell-side analysts anticipate that International Business Machines Co. will post 9.45 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be issued a $1.66 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.64 annualized dividend and a dividend yield of 4.34%. International Business Machines’s dividend payout ratio is presently 88.06%.

International Business Machines Company Profile

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.