International Business Machines Co. (NYSE:IBM) Holdings Boosted by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 130.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 480,272 shares of the technology company's stock after buying an additional 271,718 shares during the period. International Business Machines accounts for 2.5% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 10th biggest position. Commerzbank Aktiengesellschaft FI owned approximately 0.05% of International Business Machines worth $105,578,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. JBR Co Financial Management Inc grew its stake in International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after purchasing an additional 40 shares during the period. Schechter Investment Advisors LLC boosted its holdings in International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after acquiring an additional 43 shares in the last quarter. Callan Capital LLC boosted its holdings in International Business Machines by 2.4% in the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after acquiring an additional 44 shares in the last quarter. Marks Group Wealth Management Inc boosted its holdings in International Business Machines by 0.4% in the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock worth $2,292,000 after acquiring an additional 45 shares in the last quarter. Finally, First Affirmative Financial Network boosted its holdings in International Business Machines by 1.5% in the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company's stock worth $687,000 after acquiring an additional 46 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IBM shares. Morgan Stanley upped their price target on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. BMO Capital Markets upped their price objective on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Sanford C. Bernstein upped their price objective 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 research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $231.44.

International Business Machines Price Performance

Shares of International Business Machines stock traded up $2.88 on Tuesday, hitting $253.07. The company's stock had a trading volume of 5,340,963 shares, compared to its average volume of 3,918,347. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a fifty day moving average price of $239.50 and a 200-day moving average price of $225.40. The company has a market capitalization of $234.66 billion, a price-to-earnings ratio of 39.48, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72.

International Business Machines (NYSE:IBM - Get Free Report) last released 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 return on equity of 38.99% and a net margin of 9.60%. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is 104.21%.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by insiders.

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.