BNP Paribas Purchases 5,036 Shares of International Business Machines Corporation $IBM

by · The Markets Daily

BNP Paribas lifted its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,208 shares of the technology company’s stock after buying an additional 5,036 shares during the period. BNP Paribas’ holdings in International Business Machines were worth $13,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter valued at $25,000. Winnow Wealth LLC purchased a new position in shares of International Business Machines in the 2nd quarter worth about $27,000. Highline Wealth Partners LLC grew its position in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the period. Dagco Inc. purchased a new stake in International Business Machines during the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners raised its position in 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 acquiring an additional 100 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

International Business Machines stock opened at $313.04 on Thursday. The firm has a market capitalization of $292.61 billion, a P/E ratio of 37.45, a PEG ratio of 3.09 and a beta of 0.69. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The business has a fifty day moving average price of $298.59 and a 200-day moving average price of $277.51.

International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the prior year, the firm posted $2.30 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBM. Royal Bank Of Canada reduced their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Oppenheimer began coverage on International Business Machines in a research note on Friday, November 21st. They issued an “outperform” rating and a $360.00 price objective on the stock. 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. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Finally, BMO Capital Markets increased their price target on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $293.38.

Check Out Our Latest Analysis on IBM

International Business Machines Company Profile

(Free Report)

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.

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