4,217 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Wrapmanager Inc.

Wrapmanager Inc. bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,217 shares of the technology company's stock, valued at approximately $927,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Holocene Advisors LP bought a new position in shares of International Business Machines in the third quarter valued at approximately $573,306,000. State Street Corp raised its position in International Business Machines by 2.2% in the 3rd 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 last quarter. KBC Group NV increased its stake in shares of International Business Machines by 90.4% in the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after buying an additional 800,930 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of International Business Machines by 23,311.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock valued at $153,262,000 after buying an additional 694,204 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in International Business Machines by 587.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock worth $134,262,000 after buying an additional 536,785 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wedbush started coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating for the company. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Jefferies Financial Group upped their price target on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Finally, UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $231.44.

International Business Machines Stock Down 1.8 %

Shares of IBM traded down $4.75 on Tuesday, hitting $257.12. The company's stock had a trading volume of 6,292,116 shares, compared to its average volume of 4,769,297. 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 firm has a market capitalization of $237.74 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 5.81 and a beta of 0.76. The firm's fifty day moving average price is $235.92 and its 200-day moving average price is $222.79. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

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.