Axecap Investments LLC Raises Stock Position in International Business Machines Co. (NYSE:IBM)

Axecap Investments LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,678 shares of the technology company’s stock after acquiring an additional 721 shares during the period. Axecap Investments LLC’s holdings in International Business Machines were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IBM. International Assets Investment Management LLC lifted its stake in International Business Machines by 20,324.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock worth $600,373,000 after purchasing an additional 2,702,340 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of International Business Machines in the third quarter worth about $573,306,000. State Street Corp lifted its position in shares of International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after buying an additional 1,200,803 shares in the last quarter. KBC Group NV boosted its stake in International Business Machines by 90.4% during the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock valued at $370,909,000 after buying an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in International Business Machines by 23,311.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock worth $153,262,000 after acquiring an additional 694,204 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock opened at $248.95 on Tuesday. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The firm has a market cap of $230.19 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 5.57 and a beta of 0.76. The business’s fifty day simple moving average is $229.76 and its two-hundred day simple moving average is $217.38. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts predict that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.68%. International Business Machines’s payout ratio is 104.21%.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Morgan Stanley upped their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $225.53.

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.