Bradley Foster & Sargent Inc. CT Acquires 2,955 Shares of International Business Machines Co. (NYSE:IBM)

Bradley Foster & Sargent Inc. CT raised its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,274 shares of the technology company's stock after acquiring an additional 2,955 shares during the period. Bradley Foster & Sargent Inc. CT's holdings in International Business Machines were worth $20,065,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IBM. Meeder Asset Management Inc. lifted its position in International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after purchasing an additional 166 shares during the last quarter. Blue Zone Wealth Advisors LLC bought a new stake in shares of International Business Machines during the 4th quarter worth $242,000. Brady Martz Wealth Solutions LLC purchased a new position in International Business Machines in the fourth quarter worth $1,940,000. Tranquilli Financial Advisor LLC bought a new position in International Business Machines in the fourth quarter valued at $373,000. Finally, Philip James Wealth Mangement LLC bought a new position in International Business Machines in the third quarter valued at $5,117,000. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on IBM. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective for the company. Jefferies Financial Group increased their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. UBS Group lifted their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Sanford C. Bernstein upped their price objective on shares of 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, StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $231.44.

International Business Machines Trading Down 1.1 %

NYSE:IBM traded down $2.97 during mid-day trading on Friday, reaching $261.77. 5,665,344 shares of the company's stock traded hands, compared to its average volume of 4,735,325. The company has a 50 day moving average price of $234.65 and a 200-day moving average price of $221.26. The firm has a market capitalization of $242.05 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 5.80 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, sell-side analysts predict that International Business Machines Co. will post 10.77 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. International Business Machines's dividend payout ratio (DPR) is 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.