Next Level Private LLC Has $3.47 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Next Level Private LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,211 shares of the technology company’s stock after purchasing an additional 399 shares during the period. International Business Machines makes up approximately 2.0% of Next Level Private LLC’s investment portfolio, making the stock its 15th biggest holding. Next Level Private LLC’s holdings in International Business Machines were worth $3,469,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Natixis Advisors L.P. raised its position in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares during the period. Herold Advisors Inc. raised its holdings in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after buying an additional 688 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in International Business Machines during the 3rd quarter worth approximately $661,000. Silicon Valley Capital Partners raised its holdings in International Business Machines by 33.6% during the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after buying an additional 8,117 shares during the period. Finally, Waverly Advisors LLC raised its holdings in International Business Machines by 48.1% during the 3rd quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after buying an additional 6,397 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBM. Royal Bank of Canada raised their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Sanford C. Bernstein raised their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Finally, Jefferies Financial Group began coverage on shares of International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $176.85.

International Business Machines Stock Up 0.0 %

IBM stock opened at $190.86 on Thursday. The company has a market cap of $174.97 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.70. The business has a 50-day simple moving average of $186.30 and a 200 day simple moving average of $163.98. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.60 earnings per share. Sell-side analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

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.