Wynn Capital LLC Acquires 105 Shares of International Business Machines Co. (NYSE:IBM)

Wynn Capital LLC raised its holdings in International Business Machines Co. (NYSE:IBM) by 1.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,147 shares of the technology company’s stock after acquiring an additional 105 shares during the quarter. International Business Machines makes up 1.2% of Wynn Capital LLC’s holdings, making the stock its 22nd largest holding. Wynn Capital LLC’s holdings in International Business Machines were worth $2,026,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IBM. Compass Financial Services Inc bought a new position in International Business Machines in the 4th quarter valued at $26,000. Vision Financial Markets LLC bought a new position in International Business Machines in the 4th quarter valued at $31,000. Rialto Wealth Management LLC bought a new position in International Business Machines in the 4th quarter valued at $35,000. Tacita Capital Inc grew its position in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after acquiring an additional 122 shares during the last quarter. Finally, Measured Risk Portfolios Inc. bought a new position in International Business Machines in the 4th quarter valued at $43,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.8%

Shares of NYSE IBM opened at $268.95 on Friday. 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 $249.96 billion, a P/E ratio of 41.96, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 1-year low of $166.81 and a 1-year high of $270.17. The business has a fifty day moving average price of $248.17 and a 200 day moving average price of $241.98.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.50%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Citigroup reissued an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of International Business Machines in a research report on Wednesday, May 7th. Finally, Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $249.06.

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.