Sage Mountain Advisors LLC Purchases 84 Shares of International Business Machines Co. (NYSE:IBM)

Sage Mountain Advisors LLC grew its position in International Business Machines Co. (NYSE:IBM) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,156 shares of the technology company’s stock after buying an additional 84 shares during the quarter. Sage Mountain Advisors LLC’s holdings in International Business Machines were worth $516,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. lifted its holdings in shares of International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after purchasing an additional 57,170 shares in the last quarter. Herold Advisors Inc. raised its holdings in International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after acquiring an additional 688 shares in the last quarter. Tsfg LLC raised its holdings in International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in International Business Machines during the third quarter worth about $661,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $181.94 on Tuesday. The business’s 50 day moving average price is $188.38 and its two-hundred day moving average price is $169.59. The company has a market cap of $166.79 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

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

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IBM shares. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Royal Bank of Canada upped their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. UBS Group upped their target price on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday. Finally, Sanford C. Bernstein upped their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $174.92.

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.