Hexagon Capital Partners LLC Acquires 694 Shares of International Business Machines Co. (NYSE:IBM)

Hexagon Capital Partners LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,241 shares of the technology company’s stock after purchasing an additional 694 shares during the period. International Business Machines comprises about 0.3% of Hexagon Capital Partners LLC’s investment portfolio, making the stock its 28th biggest position. Hexagon Capital Partners LLC’s holdings in International Business Machines were worth $1,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares during the last quarter. Morgan Stanley boosted its position in International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after buying an additional 1,919,490 shares during the period. Northern Trust Corp boosted its position in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after buying an additional 404,948 shares during the period. Bank of New York Mellon Corp boosted its position in International Business Machines by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock valued at $1,219,399,000 after buying an additional 807,357 shares during the period. Finally, California Public Employees Retirement System boosted its position in International Business Machines by 15.9% during the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after buying an additional 871,247 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM traded down $1.24 on Tuesday, reaching $166.19. The company had a trading volume of 6,010,206 shares, compared to its average volume of 5,023,267. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The firm’s 50 day moving average price is $186.85 and its 200 day moving average price is $170.91. The stock has a market capitalization of $152.35 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 4.08 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $1.67 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 4.02%. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group dropped their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Wedbush raised their target price on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $184.08.

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.