1,365 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Lincoln Capital Corp

Lincoln Capital Corp acquired a new stake in International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,365 shares of the technology company’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently made changes to their positions in IBM. Cornerstone Planning Group LLC bought a new position in International Business Machines during the 2nd quarter valued at approximately $28,000. Live Oak Investment Partners bought a new position in International Business Machines in the 4th quarter worth $30,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines in the 3rd quarter worth about $31,000. Stone House Investment Management LLC boosted its position in International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its holdings in shares of International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.2 %

NYSE:IBM traded up $2.30 during trading hours on Wednesday, reaching $190.80. The company’s stock had a trading volume of 3,679,564 shares, compared to its average volume of 5,246,793. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $174.91 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 3.70 and a beta of 0.70. The stock has a 50 day moving average price of $186.30 and a two-hundred day moving average price of $163.98. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data 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. The firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 EPS. Equities analysts predict that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. International Business Machines’s payout ratio is 81.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective on the stock. Stifel Nicolaus boosted their price target on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Evercore ISI upgraded 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 note on Friday, January 19th. Finally, Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $176.85.

About International Business Machines

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.