5,670 Shares in International Business Machines Co. (NYSE:IBM) Bought by GAM Holding AG

GAM Holding AG purchased a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,670 shares of the technology company's stock, valued at approximately $1,246,000.

Other institutional investors have also recently bought and sold shares of the company. Trilogy Capital Inc. bought a new stake in shares of International Business Machines during the third quarter worth approximately $203,000. Northwest Investment Counselors LLC bought a new stake in shares of International Business Machines during the third quarter worth approximately $96,000. Community Financial Services Group LLC bought a new stake in shares of International Business Machines during the third quarter worth approximately $217,000. Integrity Financial Corp WA boosted its holdings in shares of International Business Machines by 38.1% during the third quarter. Integrity Financial Corp WA now owns 2,176 shares of the technology company's stock worth $481,000 after acquiring an additional 600 shares during the period. Finally, Ledyard National Bank boosted its holdings in shares of International Business Machines by 10.9% during the third quarter. Ledyard National Bank now owns 14,308 shares of the technology company's stock worth $3,163,000 after acquiring an additional 1,405 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

IBM has been the subject of a number of research analyst reports. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. 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, International Business Machines presently has an average rating of "Hold" and an average target price of $231.44.

International Business Machines Price Performance

Shares of IBM stock traded down $2.97 during trading hours on Friday, reaching $261.77. The company's stock had a trading volume of 5,665,344 shares, compared to its average volume of 4,735,325. The firm's 50 day simple moving average is $234.65 and its 200-day simple moving average is $221.26. The company 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. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. 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 issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Sell-side analysts forecast that International Business Machines Co. will post 10.77 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's payout ratio is 104.21%.

About International Business Machines

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.