WealthSpring Partners LLC Takes Position in International Business Machines Corporation $IBM

WealthSpring Partners LLC purchased a new position in shares of International Business Machines Corporation (NYSE:IBM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,171 shares of the technology company’s stock, valued at approximately $939,000. International Business Machines comprises 1.0% of WealthSpring Partners LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently modified their holdings of the stock. Basepoint Wealth LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at $25,000. Family CFO Inc bought a new position in shares of International Business Machines during the 4th quarter worth $25,000. Joseph Group Capital Management purchased a new stake in International Business Machines in the 4th quarter worth about $28,000. SWAN Capital LLC purchased a new stake in International Business Machines in the 3rd quarter worth about $28,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in International Business Machines in the 4th quarter valued at about $31,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.0%

Shares of IBM opened at $275.03 on Friday. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The stock has a market cap of $258.50 billion, a PE ratio of 24.32, a P/E/G ratio of 2.82 and a beta of 0.67. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The business’s 50-day moving average price is $249.46 and its 200-day moving average price is $270.33.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 earnings per share. On average, equities analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $1.69 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.5%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Analyst Upgrades and Downgrades

Several research firms have commented on IBM. HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and upped their price objective for the company from $218.00 to $231.00 in a report on Tuesday, April 28th. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a research report on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of International Business Machines in a research note on Thursday, May 28th. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a report on Friday, April 24th. Finally, BMO Capital Markets reduced their price objective on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.