Czech National Bank Has $44.07 Million Holdings in International Business Machines Co. (NYSE:IBM)

Czech National Bank increased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,482 shares of the technology company's stock after acquiring an additional 12,835 shares during the quarter. Czech National Bank's holdings in International Business Machines were worth $44,072,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its position in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC purchased a new stake in International Business Machines in the 3rd quarter worth approximately $29,000. Avondale Wealth Management boosted its stake in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares during the period. Modus Advisors LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $40,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of International Business Machines during the third quarter worth $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM traded down $2.36 during trading hours on Monday, reaching $217.39. 3,710,249 shares of the company traded hands, compared to its average volume of 3,214,279. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock's fifty day moving average is $222.14 and its 200 day moving average is $209.84. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The stock has a market cap of $201.01 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 EPS. Equities research analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IBM shares. BMO Capital Markets raised their price target on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research note on Thursday, October 24th. Bank of America lifted their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Bernstein Bank increased their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research note on Thursday, October 3rd. DZ Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $214.88.

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.