Inscription Capital LLC Invests $2.10 Million in International Business Machines Co. (NYSE:IBM)

Inscription Capital LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,440 shares of the technology company’s stock, valued at approximately $2,099,000.

Other hedge funds have also modified their holdings of the company. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the fourth quarter worth about $31,000. Rialto Wealth Management LLC acquired a new position in International Business Machines in the 4th quarter worth approximately $35,000. Tacita Capital Inc grew its position in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after purchasing an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new stake in International Business Machines during the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 1.6%

Shares of International Business Machines stock opened at $281.66 on Tuesday. International Business Machines Co. has a 12-month low of $167.50 and a 12-month high of $284.50. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a 50 day moving average price of $253.83 and a two-hundred day moving average price of $244.28. The stock has a market capitalization of $261.77 billion, a P/E ratio of 43.94, a PEG ratio of 5.81 and a beta of 0.66.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. Equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $1.68 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.39%. International Business Machines’s dividend payout ratio is presently 115.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on IBM shares. Royal Bank of Canada lifted their price target on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of International Business Machines in a research report on Wednesday, May 7th. Morgan Stanley lowered their price objective on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $250.31.

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.