International Business Machines Co. (NYSE:IBM) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,648 shares of the technology company's stock after acquiring an additional 5,958 shares during the period. Daiwa Securities Group Inc.'s holdings in International Business Machines were worth $44,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of IBM. Raymond James Financial Inc. purchased a new position in shares of International Business Machines in the 4th quarter valued at about $592,746,000. Holocene Advisors LP acquired a new stake in International Business Machines in the third quarter valued at approximately $573,306,000. State Street Corp lifted its stake 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 worth $12,307,940,000 after acquiring an additional 1,200,803 shares during the last quarter. KBC Group NV increased its position in shares of International Business Machines by 90.4% in the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after purchasing an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of International Business Machines by 23,311.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock valued at $153,262,000 after purchasing an additional 694,204 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

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International Business Machines Stock Performance

International Business Machines stock traded down $6.44 during trading hours on Tuesday, reaching $250.46. 3,989,956 shares of the stock were exchanged, compared to its average volume of 3,918,528. The stock has a market cap of $232.24 billion, a P/E ratio of 39.07, a P/E/G ratio of 5.81 and a beta of 0.74. The firm's 50 day moving average is $242.03 and its 200 day moving average is $227.05. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. Analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

Insiders Place Their Bets

In other 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 transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

IBM has been the topic of several recent analyst reports. UBS Group increased their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating on the stock. Oppenheimer began coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target for the company. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Finally, Morgan Stanley upped their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $231.44.

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.