Zurcher Kantonalbank Zurich Cantonalbank Buys 186,733 Shares of International Business Machines Co. (NYSE:IBM)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in International Business Machines Co. (NYSE:IBM - Free Report) by 52.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545,883 shares of the technology company's stock after buying an additional 186,733 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of International Business Machines worth $120,001,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Compass Financial Services Inc acquired a new position in International Business Machines in the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC bought a new position in International Business Machines in the fourth quarter worth approximately $31,000. Avondale Wealth Management grew its stake in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares during the period. Valued Wealth Advisors LLC grew its position in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in International Business Machines during the fourth quarter worth $35,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock traded down $6.05 during mid-day trading on Tuesday, hitting $250.85. The stock had a trading volume of 3,819,127 shares, compared to its average volume of 3,917,839. International Business Machines Co. has a one year low of $162.62 and a one year 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 market capitalization of $232.60 billion, a P/E ratio of 39.09, a P/E/G ratio of 5.81 and a beta of 0.74. The firm's 50 day moving average is $242.03 and its 200 day moving average is $227.05.

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International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 38.99% and a net margin of 9.60%. On average, sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.66%. International Business Machines's payout ratio is 104.21%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. UBS Group upped their target price 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. Jefferies Financial Group lifted their price target on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $231.44.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company's stock.

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.