International Business Machines Co. (NYSE:IBM) Stock Position Raised by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,688 shares of the technology company's stock after acquiring an additional 2,210 shares during the quarter. Assetmark Inc.'s holdings in International Business Machines were worth $8,944,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. State Street Corp increased its holdings in International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after buying an additional 1,200,803 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of International Business Machines by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock worth $1,465,223,000 after acquiring an additional 126,547 shares in the last quarter. FMR LLC increased its holdings in shares of International Business Machines by 6.0% in the 3rd quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock valued at $1,148,717,000 after acquiring an additional 294,276 shares during the last quarter. Swiss National Bank raised its position in shares of International Business Machines by 0.5% during the 3rd quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock valued at $602,819,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in International Business Machines during the third quarter worth $573,306,000. Institutional investors and hedge funds own 58.96% of the company's stock.

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Analysts Set New Price Targets

IBM has been the subject of several recent research reports. Bank of America boosted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Sanford C. Bernstein raised their target price on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Finally, UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average price target of $231.44.

International Business Machines Price Performance

IBM stock traded down $7.87 during trading hours on Tuesday, hitting $249.03. 5,628,563 shares of the stock traded hands, compared to its average volume of 3,924,492. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a 50-day simple moving average of $242.03 and a 200 day simple moving average of $227.05. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a market cap of $230.92 billion, a P/E ratio of 38.85, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.