Thompson Siegel & Walmsley LLC Acquires 3,906 Shares of International Business Machines Co. (NYSE:IBM)

Thompson Siegel & Walmsley LLC lifted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 84,334 shares of the technology company's stock after acquiring an additional 3,906 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in International Business Machines were worth $18,539,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. JBR Co Financial Management Inc grew its holdings in International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after acquiring an additional 40 shares during the last quarter. Schechter Investment Advisors LLC grew its holdings in International Business Machines by 0.7% in the 4th 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 holdings 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 last quarter. Marks Group Wealth Management Inc grew its holdings in International Business Machines by 0.4% in 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 last quarter. Finally, Tower Wealth Partners Inc. grew its holdings in International Business Machines by 1.9% in the 4th 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. 58.96% of the stock is currently owned by institutional investors.

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Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.07% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Wedbush started coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating for the company. Morgan Stanley raised their target price 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, The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $231.44.

International Business Machines Stock Down 1.6 %

International Business Machines stock traded down $3.96 during trading hours on Thursday, hitting $245.67. The stock had a trading volume of 3,861,753 shares, compared to its average volume of 3,911,158. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $227.80 billion, a P/E ratio of 38.33, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The stock's 50-day moving average price is $243.72 and its 200-day moving average price is $227.70.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results 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 net margin of 9.60% and a return on equity of 38.99%. Equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid 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 dividend yield of 2.72%. 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.