International Business Machines Co. (NYSE:IBM) Stock Position Increased by Glenview Trust co

Glenview Trust co boosted its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,109 shares of the technology company's stock after acquiring an additional 1,554 shares during the period. Glenview Trust co's holdings in International Business Machines were worth $34,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Raymond James Financial Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $592,746,000. Holocene Advisors LP purchased a new stake in shares of International Business Machines in the third quarter valued at about $573,306,000. State Street Corp raised its holdings in shares of International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after buying an additional 1,200,803 shares during the last quarter. KBC Group NV raised its holdings in shares of International Business Machines by 90.4% in the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after buying an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of International Business Machines by 23,311.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock valued at $153,262,000 after buying an additional 694,204 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages have recently commented on IBM. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Jefferies Financial Group boosted their price target 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. UBS Group boosted their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets boosted their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus target price of $231.44.

International Business Machines Trading Up 2.0 %

NYSE:IBM traded up $5.03 during trading hours on Monday, reaching $253.38. 2,077,469 shares of the company were exchanged, compared to its average volume of 3,883,280. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm has a market cap of $234.95 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The stock has a 50 day simple moving average of $244.23 and a 200 day simple moving average of $228.47.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is currently 104.21%.

Insider Transactions at International Business Machines

In other International Business Machines 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 transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.07% of the company's stock.

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.