International Business Machines Co. (NYSE:IBM) Shares Purchased by Auxano Advisors LLC

Auxano Advisors LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,398 shares of the technology company’s stock after acquiring an additional 156 shares during the quarter. Auxano Advisors LLC’s holdings in International Business Machines were worth $556,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. boosted its stake in shares of International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after acquiring an additional 80,474 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after buying an additional 57,170 shares in the last quarter. Herold Advisors Inc. boosted its position in International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after acquiring an additional 688 shares during the last quarter. Tsfg LLC raised its holdings in International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of International Business Machines in the third quarter valued at approximately $661,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 0.7 %

Shares of International Business Machines stock traded down $1.23 during trading hours on Tuesday, reaching $166.20. 5,918,347 shares of the company were exchanged, compared to its average volume of 5,021,093. The firm has a market cap of $152.36 billion, a PE ratio of 18.82, a PEG ratio of 4.08 and a beta of 0.70. The stock’s fifty day moving average is $187.19 and its 200 day moving average is $170.72. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter last year, the business posted $1.36 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $1.67 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 4.02%. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. UBS Group upped their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Jefferies Financial Group cut their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada increased their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $184.08.

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.