Enterprise Financial Services Corp Acquires 2,071 Shares of International Business Machines Co. (NYSE:IBM)

Enterprise Financial Services Corp lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 69.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,054 shares of the technology company's stock after purchasing an additional 2,071 shares during the quarter. Enterprise Financial Services Corp's holdings in International Business Machines were worth $1,111,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in International Business Machines during the fourth quarter worth about $592,746,000. Holocene Advisors LP acquired a new position in shares of International Business Machines in the 3rd quarter worth approximately $573,306,000. State Street Corp raised its holdings in shares of International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares in the last quarter. KBC Group NV lifted its stake in International Business Machines by 90.4% during the fourth 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 boosted its holdings in International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after buying an additional 694,204 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

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Analyst Ratings Changes

Several research firms have issued reports on IBM. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Morgan Stanley boosted their price target 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. Jefferies Financial Group raised their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $231.44.

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 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 transaction, the senior vice president now directly 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 available through this link. 0.07% of the stock is owned by company insiders.

International Business Machines Stock Down 1.8 %

NYSE IBM traded down $4.61 during trading on Monday, reaching $256.93. The company's stock had a trading volume of 8,158,822 shares, compared to its average volume of 3,918,583. 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 market capitalization of $238.24 billion, a PE ratio of 40.08, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.06. The business has a 50-day moving average price of $241.29 and a 200-day moving average price of $226.62.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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 net margin of 9.60% and a return on equity of 38.99%. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is 104.21%.

International Business Machines Company 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.