Arrowstreet Capital Limited Partnership Has $169.66 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Arrowstreet Capital Limited Partnership decreased its stake in International Business Machines Co. (NYSE:IBM) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 771,791 shares of the technology company’s stock after selling 75,347 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.08% of International Business Machines worth $169,663,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IBM. Allianz SE acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $2,692,000. Intrust Bank NA boosted its stake in International Business Machines by 3.0% in the fourth quarter. Intrust Bank NA now owns 12,830 shares of the technology company’s stock valued at $2,820,000 after acquiring an additional 370 shares during the last quarter. Biondo Investment Advisors LLC raised its position in shares of International Business Machines by 1.2% during the 4th quarter. Biondo Investment Advisors LLC now owns 54,352 shares of the technology company’s stock valued at $11,948,000 after acquiring an additional 657 shares during the last quarter. Allstate Corp bought a new position in shares of International Business Machines in the 4th quarter worth $6,020,000. Finally, Maridea Wealth Management LLC bought a new stake in International Business Machines in the fourth quarter valued at about $221,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $243.83 on Monday. The business’s 50 day moving average is $249.51 and its 200-day moving average is $231.62. The firm has a market cap of $226.10 billion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-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.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. Equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.74%. International Business Machines’s dividend payout ratio is presently 104.21%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IBM shares. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. UBS Group upped their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley boosted their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $231.44.

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.