Trexquant Investment LP Takes $16.34 Million Position in International Business Machines Co. (NYSE:IBM)

Trexquant Investment LP acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 74,339 shares of the technology company's stock, valued at approximately $16,342,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Blue Zone Wealth Advisors LLC bought a new position in shares of International Business Machines during the 4th quarter valued at $242,000. Brady Martz Wealth Solutions LLC bought a new position in International Business Machines during the fourth quarter valued at about $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth about $373,000. Truist Financial Corp lifted its position in shares of International Business Machines by 6.5% in the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after buying an additional 49,591 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of International Business Machines by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock worth $16,615,000 after acquiring an additional 4,625 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

IBM stock traded down $6.50 during midday trading on Thursday, hitting $243.49. The stock had a trading volume of 5,305,333 shares, compared to its average volume of 4,119,031. The firm has a market capitalization of $225.77 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 5.81 and a beta of 0.67. 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 stock has a 50-day simple moving average of $251.05 and a 200 day simple moving average of $232.26. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45.

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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 for the quarter, beating 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 research analysts anticipate 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. Stockholders of record on Monday, February 10th were issued 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 2.74%. International Business Machines's payout ratio is presently 104.21%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBM. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Morgan Stanley boosted 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, Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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.