Ariadne Wealth Management LP Takes Position in International Business Machines Co. (NYSE:IBM)

Ariadne Wealth Management LP purchased a new stake in International Business Machines Co. (NYSE:IBM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,031 shares of the technology company’s stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also modified their holdings of IBM. SPC Financial Inc. boosted its stake in International Business Machines by 0.8% during the 2nd quarter. SPC Financial Inc. now owns 16,637 shares of the technology company’s stock valued at $2,877,000 after purchasing an additional 127 shares during the period. Advisory Alpha LLC boosted its stake in International Business Machines by 0.8% during the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock valued at $1,340,000 after purchasing an additional 65 shares during the period. Old North State Trust LLC boosted its stake in International Business Machines by 2.6% during the 2nd quarter. Old North State Trust LLC now owns 3,874 shares of the technology company’s stock valued at $670,000 after purchasing an additional 100 shares during the period. EP Wealth Advisors LLC boosted its stake in International Business Machines by 11.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 31,481 shares of the technology company’s stock valued at $5,445,000 after purchasing an additional 3,208 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in International Business Machines during the 2nd quarter valued at about $17,846,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. UBS Group boosted their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Evercore ISI boosted their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Jefferies Financial Group boosted their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $191.93.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $221.07 on Tuesday. The firm has a fifty day simple moving average of $200.91 and a 200-day simple moving average of $185.34. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $224.15. The stock has a market capitalization of $203.08 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 EPS. On average, sell-side analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

About International Business Machines

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.