International Business Machines Co. (NYSE:IBM) Holdings Trimmed by NBW Capital LLC

NBW Capital LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 17.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,342 shares of the technology company’s stock after selling 486 shares during the period. NBW Capital LLC’s holdings in International Business Machines were worth $383,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IBM. Moneta Group Investment Advisors LLC boosted its position in shares of International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after purchasing an additional 11,017,849 shares during the period. Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter valued at $876,014,000. Morgan Stanley boosted its position in shares of International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares during the period. International Assets Investment Management LLC boosted its position in shares of International Business Machines by 15,439.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of International Business Machines by 35.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after purchasing an additional 1,163,790 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on IBM. Jefferies Financial Group began coverage on International Business Machines in a research report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research report on Wednesday. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. BMO Capital Markets increased their price objective on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Finally, Sanford C. Bernstein increased their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $178.67.

International Business Machines Stock Down 1.0 %

Shares of IBM traded down $1.76 during midday trading on Thursday, reaching $181.34. 1,588,173 shares of the stock were exchanged, compared to its average volume of 4,785,912. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The firm has a 50 day simple moving average of $188.61 and a 200-day simple moving average of $168.54. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a market cap of $166.24 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 3.60 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same period last year, the business earned $3.60 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Research analysts forecast that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

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.