Louisbourg Investments Inc. Buys 185 Shares of International Business Machines Co. (NYSE:IBM)

Louisbourg Investments Inc. boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 74.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432 shares of the technology company’s stock after acquiring an additional 185 shares during the period. Louisbourg Investments Inc.’s holdings in International Business Machines were worth $95,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of International Business Machines by 29.8% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,223 shares of the technology company’s stock valued at $270,000 after purchasing an additional 281 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in International Business Machines during the third quarter valued at approximately $218,000. Procyon Advisors LLC grew its position in International Business Machines by 82.0% during the third quarter. Procyon Advisors LLC now owns 6,993 shares of the technology company’s stock valued at $1,546,000 after buying an additional 3,151 shares during the period. Fiduciary Alliance LLC grew its position in International Business Machines by 59.2% during the third quarter. Fiduciary Alliance LLC now owns 2,643 shares of the technology company’s stock valued at $584,000 after buying an additional 983 shares during the period. Finally, CX Institutional grew its position in International Business Machines by 6.0% during the third quarter. CX Institutional now owns 6,982 shares of the technology company’s stock valued at $1,544,000 after buying an additional 393 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 2.2 %

NYSE IBM opened at $254.85 on Wednesday. The firm’s 50-day moving average is $230.70 and its two-hundred day moving average is $218.22. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market capitalization of $235.65 billion, a P/E ratio of 39.76, a PEG ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. 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 2.62%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IBM shares. UBS Group increased their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating for the company. Morgan Stanley increased their price objective 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. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday. They set an “outperform” rating and a $320.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines 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.