International Business Machines Co. (NYSE:IBM) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its holdings in International Business Machines Co. (NYSE:IBM) by 151.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,515,666 shares of the technology company’s stock after purchasing an additional 2,118,165 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in International Business Machines were worth $671,352,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vontobel Holding Ltd. boosted its stake in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after buying an additional 80,474 shares in the last quarter. Tsfg LLC lifted its stake in International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares in the last quarter. Auxano Advisors LLC lifted its stake in International Business Machines by 4.8% in the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares in the last quarter. West Family Investments Inc. raised its stake in shares of International Business Machines by 7.6% during the 4th quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock worth $447,000 after purchasing an additional 194 shares in the last quarter. Finally, Mosley Wealth Management purchased a new stake in shares of International Business Machines during the 4th quarter worth about $312,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IBM shares. JPMorgan Chase & Co. cut their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. The Goldman Sachs Group started coverage on International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price objective on the stock. Stifel Nicolaus lifted their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group lifted their price objective on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $184.93.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $1.50 during midday trading on Monday, hitting $190.25. 842,672 shares of the company were exchanged, compared to its average volume of 4,419,446. The firm has a 50 day simple moving average of $174.75 and a 200-day simple moving average of $179.38. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $199.18. The firm has a market cap of $174.76 billion, a P/E ratio of 21.47, a PEG ratio of 4.28 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 EPS. Research analysts forecast that International Business Machines Co. will post 10.06 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is presently 75.65%.

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.