Alliancebernstein L.P. Has $349.85 Million Holdings in International Business Machines Co. (NYSE:IBM)

Alliancebernstein L.P. grew its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,591,471 shares of the technology company's stock after purchasing an additional 206,944 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of International Business Machines worth $349,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. Compass Financial Services Inc acquired a new stake in International Business Machines in the fourth quarter valued at $26,000. Vision Financial Markets LLC bought a new position in International Business Machines during the fourth quarter worth about $31,000. Avondale Wealth Management increased its position in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after buying an additional 56 shares during the last quarter. Valued Wealth Advisors LLC raised its stake in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after buying an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $35,000. Institutional investors own 58.96% of the company's stock.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was 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 of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

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International Business Machines Price Performance

NYSE IBM traded down $5.69 on Thursday, hitting $244.29. 3,553,269 shares of the company's stock were exchanged, compared to its average volume of 4,112,425. The stock has a 50-day moving average of $251.05 and a 200-day moving average of $232.26. The stock has a market cap of $226.52 billion, a price-to-earnings ratio of 38.16, a P/E/G ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

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 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%. Analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Analysts Set New Price Targets

Several brokerages have issued reports on IBM. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating for the company. Morgan Stanley lifted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Jefferies Financial Group cut their price objective on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research report on Monday. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Finally, StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and an average price target of $231.13.

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.