International Business Machines Corporation $IBM Stock Holdings Lifted by NovaPoint Capital LLC

NovaPoint Capital LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 10.9% in the third quarter, Holdings Channel.com reports. The fund owned 23,892 shares of the technology company’s stock after buying an additional 2,346 shares during the quarter. International Business Machines comprises about 1.6% of NovaPoint Capital LLC’s holdings, making the stock its 17th biggest position. NovaPoint Capital LLC’s holdings in International Business Machines were worth $6,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Family CFO Inc purchased a new stake in shares of International Business Machines during the second quarter valued at $25,000. Winnow Wealth LLC purchased a new stake in International Business Machines during the second quarter valued at about $27,000. Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Highline Wealth Partners LLC increased its position in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares in the last quarter. Finally, Copia Wealth Management raised its holdings in shares of International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after acquiring an additional 49 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.2%

NYSE IBM opened at $305.22 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The firm’s fifty day simple moving average is $303.62 and its 200-day simple moving average is $280.86. The company has a market capitalization of $285.30 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.69.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio is currently 80.38%.

Analyst Ratings Changes

A number of research firms recently commented on IBM. UBS Group reaffirmed a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. Stifel Nicolaus raised their target price on International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Finally, Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $293.38.

About International Business Machines

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.