Assenagon Asset Management S.A. Has $103.63 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Assenagon Asset Management S.A. increased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 37.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 471,425 shares of the technology company's stock after purchasing an additional 129,416 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of International Business Machines worth $103,633,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its position in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after buying an additional 166 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $7,160,000. Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines during the third quarter worth approximately $5,117,000. Nordea Investment Management AB lifted its holdings in shares of International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock worth $16,615,000 after purchasing an additional 4,625 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of International Business Machines during the third quarter valued at about $24,761,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $217.54 on Wednesday. The business's 50-day moving average price is $222.34 and its 200-day moving average price is $210.16. The firm has a market capitalization of $201.15 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 EPS. Sell-side analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.07%. International Business Machines's payout ratio is 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.07% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on IBM. Bernstein Bank increased their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Jefferies Financial Group lifted their price target on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a report on Monday, October 21st. BMO Capital Markets raised their target price on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday, October 24th. Finally, DZ Bank downgraded International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average target price of $215.81.

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.

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