O Shaughnessy Asset Management LLC Buys 9,411 Shares of International Business Machines Co. (NYSE:IBM)

O Shaughnessy Asset Management LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,164 shares of the technology company's stock after acquiring an additional 9,411 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in International Business Machines were worth $26,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. JBR Co Financial Management Inc grew its position in shares of International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after purchasing an additional 40 shares during the last quarter. Schechter Investment Advisors LLC boosted its position in International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after acquiring an additional 43 shares during the last quarter. Callan Capital LLC grew its stake in International Business Machines by 2.4% in the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after acquiring an additional 44 shares during the period. Marks Group Wealth Management Inc lifted its holdings in shares of International Business Machines by 0.4% during the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock worth $2,292,000 after acquiring an additional 45 shares during the period. Finally, Tower Wealth Partners Inc. increased its stake in International Business Machines by 1.9% during the fourth quarter. Tower Wealth Partners Inc. now owns 2,376 shares of the technology company's stock worth $522,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

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Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

International Business Machines Trading Down 2.2 %

Shares of NYSE:IBM traded down $5.62 during mid-day trading on Thursday, hitting $244.36. The stock had a trading volume of 2,400,111 shares, compared to its average volume of 4,107,918. The company's 50 day moving average is $251.05 and its 200-day moving average is $232.26. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $226.59 billion, a PE ratio of 38.12, a P/E/G ratio of 5.81 and a beta of 0.74.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.73%. International Business Machines's payout ratio is 104.21%.

Analyst Ratings Changes

A number of analysts have recently issued reports on IBM shares. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Wedbush started coverage on International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating for the company. JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Jefferies Financial Group reduced their price target on International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research report on Monday. Finally, The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and an average target price of $231.13.

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.