Blair William & Co. IL Grows Stake in International Business Machines Co. (NYSE:IBM)

Blair William & Co. IL raised its position in International Business Machines Co. (NYSE:IBM - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 462,753 shares of the technology company's stock after purchasing an additional 2,129 shares during the quarter. Blair William & Co. IL owned 0.05% of International Business Machines worth $101,727,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rockbridge Investment Management LCC lifted its holdings in shares of International Business Machines by 3.7% during the fourth quarter. Rockbridge Investment Management LCC now owns 1,823 shares of the technology company's stock worth $401,000 after purchasing an additional 65 shares during the period. LM Advisors LLC lifted its holdings in International Business Machines by 231.7% during the 4th quarter. LM Advisors LLC now owns 8,358 shares of the technology company's stock worth $1,837,000 after buying an additional 5,838 shares during the period. AssuredPartners Investment Advisors LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $926,000. NEOS Investment Management LLC increased its stake in shares of International Business Machines by 12.1% in the fourth quarter. NEOS Investment Management LLC now owns 48,088 shares of the technology company's stock valued at $10,571,000 after buying an additional 5,176 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in shares of International Business Machines by 0.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 53,888 shares of the technology company's stock worth $11,846,000 after acquiring an additional 451 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Jefferies Financial Group increased their price target on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, Wedbush started coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of "Hold" and an average target price of $231.44.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

International Business Machines Stock Down 1.0 %

IBM traded down $2.38 during trading on Friday, hitting $243.83. 3,125,152 shares of the company's stock were exchanged, compared to its average volume of 4,089,823. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The stock has a market cap of $226.10 billion, a P/E ratio of 38.04, a PEG ratio of 5.81 and a beta of 0.74. The business's 50 day moving average is $249.51 and its two-hundred day moving average is $231.47. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio is currently 104.21%.

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.