May Hill Capital LLC Buys New Shares in International Business Machines Co. (NYSE:IBM)

May Hill Capital LLC acquired a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,460 shares of the technology company's stock, valued at approximately $321,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in International Business Machines during the fourth quarter worth approximately $1,236,176,000. Raymond James Financial Inc. purchased a new position in International Business Machines in the fourth quarter valued at about $592,746,000. Holocene Advisors LP acquired a new stake in shares of International Business Machines in the third quarter valued at about $573,306,000. Vanguard Group Inc. lifted its position in International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after acquiring an additional 1,539,888 shares in the last quarter. Finally, State Street Corp raised its stake in shares of International Business Machines by 2.2% during 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 purchasing an additional 1,200,803 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM traded down $6.50 during mid-day trading on Thursday, reaching $243.49. 5,300,016 shares of the company's stock traded hands, compared to its average volume of 4,119,002. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The stock has a market capitalization of $225.77 billion, a P/E ratio of 37.99, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. The business's 50-day moving average price is $251.05 and its 200-day moving average price is $232.26. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

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International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.74%. International Business Machines's payout ratio 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 value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday. Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Oppenheimer initiated coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.