MML Investors Services LLC Buys 5,857 Shares of International Business Machines Co. (NYSE:IBM)

MML Investors Services LLC increased its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,485 shares of the technology company's stock after purchasing an additional 5,857 shares during the period. MML Investors Services LLC's holdings in International Business Machines were worth $37,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Passumpsic Savings Bank increased its position in shares of International Business Machines by 3.8% during the third quarter. Passumpsic Savings Bank now owns 2,045 shares of the technology company's stock worth $452,000 after acquiring an additional 74 shares in the last quarter. Virtu Financial LLC acquired a new stake in International Business Machines during the 3rd quarter valued at $766,000. Westside Investment Management Inc. grew its stake in International Business Machines by 12.2% in the 3rd quarter. Westside Investment Management Inc. now owns 919 shares of the technology company's stock valued at $188,000 after buying an additional 100 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of International Business Machines by 4.6% in the third quarter. SOA Wealth Advisors LLC. now owns 3,140 shares of the technology company's stock valued at $694,000 after purchasing an additional 139 shares during the last quarter. Finally, Diamant Asset Management Inc. boosted its position in shares of International Business Machines by 11.0% in the third quarter. Diamant Asset Management Inc. now owns 1,610 shares of the technology company's stock valued at $356,000 after acquiring an additional 160 shares during the period. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. UBS Group reiterated a "sell" rating on shares of International Business Machines in a research note on Wednesday. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Bank of America lifted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. 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 research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $232.75.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

International Business Machines Stock Performance

Shares of IBM stock traded up $4.83 during trading hours on Wednesday, hitting $245.73. 7,732,209 shares of the company were exchanged, compared to its average volume of 4,247,400. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a fifty day simple moving average of $246.87 and a 200 day simple moving average of $233.79. The stock has a market capitalization of $227.85 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.17. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.72%. International Business Machines's dividend payout ratio is 104.21%.

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.