Nearwater Capital Markets Ltd Invests $32.97 Million in International Business Machines Co. (NYSE:IBM)

Nearwater Capital Markets Ltd bought a new stake in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 150,000 shares of the technology company’s stock, valued at approximately $32,974,000. International Business Machines makes up approximately 0.9% of Nearwater Capital Markets Ltd’s portfolio, making the stock its 29th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. NorthRock Partners LLC increased its position in International Business Machines by 488.8% during the 4th quarter. NorthRock Partners LLC now owns 21,274 shares of the technology company’s stock valued at $4,677,000 after buying an additional 17,661 shares in the last quarter. Northeast Financial Consultants Inc increased its holdings in shares of International Business Machines by 9.2% during the fourth quarter. Northeast Financial Consultants Inc now owns 6,246 shares of the technology company’s stock valued at $1,373,000 after acquiring an additional 528 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its stake in International Business Machines by 5.7% in the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 2,424 shares of the technology company’s stock worth $533,000 after purchasing an additional 131 shares in the last quarter. Obermeyer Wealth Partners raised its holdings in International Business Machines by 41.4% in the fourth quarter. Obermeyer Wealth Partners now owns 1,522 shares of the technology company’s stock worth $335,000 after buying an additional 446 shares during the last quarter. Finally, Obsidian Personal Planning Solutions LLC lifted its stake in shares of International Business Machines by 1.1% in the fourth quarter. Obsidian Personal Planning Solutions LLC now owns 6,047 shares of the technology company’s stock worth $1,329,000 after buying an additional 66 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

IBM opened at $258.55 on Wednesday. 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 company has a 50 day simple moving average of $243.26 and a two-hundred day simple moving average of $235.35. The firm has a market cap of $240.30 billion, a P/E ratio of 40.34, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $266.45.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. Equities analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.60%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBM. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Bank of America boosted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Citigroup reissued an “outperform” rating on shares of International Business Machines in a report on Saturday. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.50.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.