Matauro LLC Purchases New Position in International Business Machines Co. (NYSE:IBM)

Matauro LLC bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,444 shares of the technology company's stock, valued at approximately $977,000.

Several other hedge funds also recently bought and sold shares of IBM. Meeder Asset Management Inc. raised its holdings in shares of International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after acquiring an additional 166 shares during the period. Blue Zone Wealth Advisors LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $242,000. Brady Martz Wealth Solutions LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $373,000. Finally, Philip James Wealth Mangement LLC acquired a new stake in shares of International Business Machines during the third quarter worth $5,117,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group raised their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. Morgan Stanley raised their price objective 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. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $231.44.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $2.97 during trading on Friday, hitting $261.77. 5,665,344 shares of the stock were exchanged, compared to its average volume of 5,259,826. The stock has a market capitalization of $242.05 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The company has a fifty day moving average price of $235.27 and a 200-day moving average price of $221.81. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. 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, topping the consensus estimate 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, equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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